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Gold Reaches Our Second Target Directly – Analysis – 06-08-2026
Gold continued its strong rally during its recent intraday trading, reaching the $4,300 resistance level, which was a target in our previous analysis, supported by trading above EMA50, which continues to provide dynamic support and reinforces the stability of the short-term corrective bullish trend.
Despite the ongoing positive momentum, the relative strength indicators started to show a bearish crossover, signaling a possible slowdown in buying pressure and a moderation in the pace of the recent advance. As a result, gold’s ability to break above the $4,300 resistance level will depend on the return of stronger bullish momentum.
EURUSD Price Attempts to Break Our Target – Analysis – 06-08-2026
The EURUSD pair remains on a streak of gains in its recent intraday trading, showing a tendency to consolidate after encountering the key resistance level at 1.1555, which was our previously identified price target. The pair is attempting to build enough bullish momentum to break above this level and extend its rise.
MoreEvening update for Bitcoin -05-08-2026
Bitcoin rose during the latest intraday trading session, to confirm surpassing the bearish corrective price channel that had constrained its short-term price action, supported by its trading above EMA50, which provides dynamic support and strengthens the prospects for extending its gains in the near term, despite the emergence of negative signals from the relative strength indicators, which has reached heavily overbought territory. However, these signals have not affected the price action, indicating that bullish momentum remains strong.
MoreEvening update for crude oil -05-08-2026
Crude Oil prices declined during the latest intraday trading session after the market managed to ease its oversold conditions on the relative strength indicators. This has renewed downside pressure, allowing the bearish corrective trend to regain control. The price also remains under pressure as it continues to trade below EMA50, which acts as a dynamic resistance and limits the chances of a near-term recovery.
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