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Gold price settles above stubborn resistance -Analysis-07-08-2025

Economies.com
2025-08-07 01:47AM UTC
AI Summary
  • Gold price settles above stubborn resistance at $3,375, supported by strong bullish wave and trading above EMA50
  • RSI showing new positive signs after offloading overbought conditions, providing extra momentum for rise and targeting new resistance levels
  • BestTradingSignal.com offers high-accuracy trading signals for US Stock, Crypto, Forex, and VIP signals for Gold, Oil, Forex, Bitcoin, Ethereum, and Indices, with subscription packages starting from €44/month

The (Gold) price rose in its last intraday trading, to settle above the stubborn and significant resistance at $3,375, as the price attempted to breach this level many times since yesterday. This positive performance comes amid the dominance of strong bullish wave on the short-term basis, supported by the trading above EMA50, which provides significant dynamic support for the bullish movement.

 

On the other hand, the (RSI) began showing new positive signs after offloading the overbought conditions, this technical improvement provides extra momentum, which might reinforce the chances for the continuation of the rise and targeting new resistance levels, conditioned by surpassing the current barrier with a stable close.

 

 

 

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EURUSD is in truce to catch breath-Analysis-07-08-2025

Economies.com
2025-08-07 01:43AM UTC

The (EURUSD) declined slightly in its last intraday trading, affected by the stability of the critical resistance at 1.1670, which pushed the price to gather its early gains, besides the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signs from there.

 

The price keeps its positive support by its stability above EMA50, besides the continuation of the minor bullish wave dominance on a short-term basis, providing new opportunity for resuming the rise if it succeeded in breaching the current resistance.

 

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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Evening update for Bitcoin (BTCUSD) -06-08-2025

Economies.com
2025-08-06 18:28PM UTC

The (BTCUSD) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to reach the resistance of EMA50, which might decelerate the upside move, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a supportive bias line for this trend.

 

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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Evening update for crude oil -06-08-2025

Economies.com
2025-08-06 18:28PM UTC

The (crude oil) price declined in its last intraday trading, preparing to break the critical support level at $64.85, amid the dominance of minor bearish wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of negative overlapping signal on the (RSI), after reaching overbought levels.

 

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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Frequently asked questions

What is the price of Gold today?

The price of Gold is $3397.800 (2025-08-08 23:05PM UTC)