Forecast update for Gold -04-08-2026

The EURUSD pair continued its attempts to gain bullish momentum in fluctuated trading on its last intraday levels, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the chances of a near term recovery, especially with the beginning of forming positive divergence of the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from them.

Ethereum (ETHUSD) has experienced volatile trading in its latest intraday movements, benefiting from positive signals emerging from the relative strength indicators, which provided the price with some positive momentum and helped it withstand the surrounding negative pressures.

The price of Brent crude oil rose in its latest intraday trading, as the price attempts to recover part of its previous losses while simultaneously working to alleviate its oversold conditions on the relative strength indicators, amid the emergence of positive signals from the indicator.