Gold Price Reaches Our Price Target – Analysis – 02-09-2026

The EURUSD price declined during its recent intraday trading, amid the dominance of a short-term bearish corrective wave, with the pair moving along a trendline supporting this direction, with continued negative pressure comes from trading below EMA50 reduces the chances of a full recovery in the near term.

BTCUSD settles lower during its latest intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of near-term recovery, and confirms the stability of the bearish corrective trend on the short-term basis, especially with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.

Crude oil prices settle on strong gains in its recent intraday trading, as the price attempts to breach the key resistance at $87.00, which was an expected target in our previous analysis, with the dominance of the bullish trend and its trading along a minor trend line on the short-term basis that supports this path, besides the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the breach.