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Gold Price Overcomes Technical Pressures and Continues to Rise – Analysis – 29-07-2026
Gold extended its recent gains during intraday trading, benefiting from the resilience of the key psychological support level at $4,000, which provided a strong base for the price and helped restore bullish momentum. This move was further supported by positive signals from the relative strength indicators, reinforcing the continuation of the upward price action.
Gold managed to break free from the bearish pressure imposed by its EMA50 in a technical signal that strengthens the prospects for further gains in the near term, particularly if the price succeeds in breaking through its nearby resistance levels and positive momentum continues to support the bullish move.
EURUSD Breaches the Bearish Trend and Announces it Recovery – Analysis – 29-07-2026
The EURUSD pair surged higher during recent intraday trading, breaching a short-term bullish trend line while also surpassing the resistance of EMA50, strengthening the bullish outlook and signals an improvement in upward momentum, easing the bearish pressures that had dominated the pair’s recent price action.
MoreEvening update for Bitcoin -29-07-2026
Bitcoin (BTCUSD) surrendered to the negative pressures to decline in its last intraday trading, affected by reaching EMA50’s resistance, with the price movement within bearish corrective channel’s range that limits its previous trading on the short-term basis, noticing the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, to indicate forming negative divergence from them, intensifying the negative pressure.
MoreEvening update for crude oil -29-07-2026
Crude Oil price extended its gains strongly in its last intraday trading, reaching EMA50’s resistance, threatening these gains and make the price vulnerable for negative rebound, especially with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, amid the dominance of minor bearish wave on the short-term basis.
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