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Gold Holds on to Its Gains Despite the Ongoing Bearish Correction – Analysis – 03-09-2026
Gold keeps its recent gains, driven by positive signals from the relative strength indicators, bringing the price back to retest the key resistance level of $4,400. However, this comes amid the dominance of a steep bearish corrective wave in the short term, with continued negative pressure resulting from trading below EMA50.
This comes as the relative strength indicators entered extremely overbought territory compared with the price movement, suggesting the beginning of a bearish divergence that could limit gold’s ability to extend its gains and bring renewed negative pressure in the near term.
EURUSD is Under Bearish Pressure After Easing Oversold Conditions – Analysis – 03-09-2026
The (EURUSD) price is trading lower in its latest intraday movements, amid continued negative pressure resulting from its trading below EMA50, reducing the pair’s chances of a full recovery and reinforcing the stability of the short-term bearish corrective trend, as the price continues to move alongside a trend line supporting this scenario.
MoreEvening update for Bitcoin – 02-09-2026
Bitcoin (BTCUSD) price advanced during its latest intraday trading after the support level at $76,000 held firm. This support was our price target. The rise has allowed the price to recover part of its previous losses while also attempting to ease some of its clearly oversold conditions on the relative strength indicators, particularly with positive signals emerging from them. This comes amid the dominance of a short-term bearish corrective wave, with continued negative pressure resulting from trading below EMA50, which reduces the chances of a full recovery in the near term.
MoreEvening update for Crude oil -02-09-2026
Crude Oil price resumed its rise during its latest intraday trading after easing its overbought conditions on the relative strength indicators, giving the price greater room to extend its gains in the near term, supported by the continued positive pressure resulting from trading above EMA50, which acts as a dynamic support base and reinforces expectations for the dominance and stability of the short-term uptrend.
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