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Gold price gathers gains - Analysis-29-08-2025

Economies.com
2025-08-29 01:59AM UTC
AI Summary
  • Gold price declined in last intraday trading, but remains supported by trading above EMA50 and a bullish trend on short-term basis
  • Expectations suggest a rise in Gold price in upcoming intraday trading, targeting critical resistance level at $3,435
  • BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for Gold, Oil, Forex, Bitcoin, Ethereum, and Indices starting at €44/month

The (Gold) price declined in its last intraday trading in a natural profit taking after strong bullish wave, amid its attempts to offload the clear overbought conditions on the (RSI), which began showing negative overlapping signal, this intraday decline might provide a chance for taking its breath and gathering its positive strength again.

 

Despite the current decline, gold remains supported by its trading above EMA50, besides the dominance of the bullish trend on the short-term basis alongside a minor bias line, reinforcing the possibilities for resuming the strong rise.

 

Therefore, our expectations suggest a rise in (Gold) price in its upcoming intraday trading, especially when confirming breaching the main resistance at $3,400 by holding above it, to target the critical resistance level at $3,435.

 

The expected trading range is between $3,380 support and $3,435 resistance.

 

Today's forecast: Bullish

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EURUSD attempts to offload its overbought condition -Analysis-29-08-2025

Economies.com
2025-08-29 01:53AM UTC

The (EURUSD) declined in its last intraday trading, in a natural profit taking move after its previous rise, attempting to gain bullish momentum that might support it to return to rise again, accompanied by the attempts of the price to offload the clear overbought conditions on the (RSI), after reaching exaggerated high levels.

 

Despite this slight decline, the price remains supported by its trading above EMA50, besides the dominance of minor bullish wave on the short-term basis, keeping the expectations valid unless it loses its current support levels.

 

Therefore, our expectations suggest a rise in the (EURUSD) price in its upcoming intraday trading, if it settles above 1.1665 resistance, to target the critical resistance level at 1.1730.

 

The expected trading range is between 1.1630 support and 1.1730 resistance.

 

Today’s forecast: Bullish

 

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Evening update for Bitcoin (BTCUSD) -28-08-2025

Economies.com
2025-08-28 17:28PM UTC

The (BTCUSD) found difficulty in extending its gain in its last intraday trading, as it reached the resistance of its EMA50, accompanied by testing a bullish momentum that might help it to surpass the negative pressure, after its succeeded in breaching the critical resistance at $112,00, with the emergence of the positive signals on the (RSI).

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Evening update for crude oil -28-08-2025

Economies.com
2025-08-28 17:28PM UTC

The (crude oil) slipped lower in its last intraday trading, amid its attempts to look for a rising low to take it as a base to gain the required positive momentum to recover, amid the dominance of bullish correctional wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EAM50, noticing the (RSI) reach to the oversold levels, exaggeratedly compared by the price move.

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