BTCUSD price settles on cautious gains in its last intraday trading, reaching the resistance of EMA50, amid the dominance of the main bearish trend on short-term basis, with the emergence of negative divergence on relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals that intensifies the negative pressure on the price.
The price of (crude oil) declined in its last trading on the intraday levels, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its gains in the upcoming period, besides offloading some of its overbought conditions on relative strength indicators, especially with the emergence of negative signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.
The price of (silver) surged higher in its last intraday trading, breaching minor bearish trend line on short-term basis, accompanied by surpassing EMA50’s resistance, getting rid of surpassing its bearish pressure, supported by the emergence of positive signals from relative strength indicators, after offloading its overbought levels, opening the way for extending its gains on near-term basis.
The price of gold rose in its last intraday trading, to settle above the main psychological resistance at $5,000, supported by its continuous trading above EMA50, with the trading alongside minor bullish trend line on the short-term basis, reinforcing the stability of this rise, besides the emergence of positive signals from relative strength indicators, despite reaching overbought levels.