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Forecast update for gold -08-04-2026.
Gold declined during recent intraday trading, affected by the firmness of the key resistance level at $4,800. The price is taking profits from previous gains and attempting to build positive momentum that may help it break through this resistance. At the same time, it is trying to ease its clear overbought condition shown by the relative strength indicators, especially with the beginning of a negative crossover appearing on it.
This comes while a short-term corrective upward trend still dominates, along with continued dynamic support as the price trades above EMA50, which enhances the chances of a rebound in the near term.
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Forecast update for EURUSD -08-04-2026.
The (EURUSD) is experiencing fluctuating move in its latest intraday levels, attempting to gather the gains of its previous rises, and attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, to gather its positive strength that might help it to resume its early gains for today, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis.
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