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Market Analysis: Gold remains bullish, Bitcoin under pressure, crude oil moves ahead.
In global markets, gold experienced a slight corrective move but remains bullish above the Exponential Moving Average (EMA50), indicating continued buying interest.
EUR/USD: Despite overbought signals from the Relative Strength Index (RSI), the EUR/USD pair continues to hold strong above 1.1420, highlighting the euro’s resilience.
Bitcoin: Although Bitcoin made a rebound from the crucial $104,000 support, it remains under short-term bearish pressure, reflecting the volatility in the crypto market.
Crude Oil: Despite initial negative RSI signals, crude oil prices rose again. Support from the EMA50 has fueled this upward move, signaling renewed strength in the oil market.
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