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Gold Trims Its Early Gains – Analysis – 03-08-2026
Gold rose at the start of the trading week, benefiting from improving momentum after positive signals emerged on the relative strength indicators following its entry into deeply oversold territory. However, the rise quickly encountered resistance at its EMA50, prompting the price to erase most of its early gains.
Despite the improvement in short-term momentum, the technical outlook remains tilted to the downside, as the main short-term bearish trend continues to dominate. This makes any current gains vulnerable to selling pressure unless gold manages to break above the moving average and hold above this key technical barrier.
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EURUSD Maintains Its Uptrend Supported by Technical Indicators – Analysis – 03-08-2026
The EURUSD pair rose during its latest intraday trading, moving within a short-term corrective bullish wave, while remaining above EMA50, which continues to act as dynamic support and strengthens the chances of further gains in the coming period.
MoreEvening update for Bitcoin -31-07-2026
(BTCUSD) continued to decline during its latest intraday trading, reaching the $62,500 support level, which had been a price target in our previous analyses. This comes amid continued negative signals from the relative strength indicators, while the price is moving within a short-term descending corrective price channel that is limiting its movements. Additionally, continued negative pressure persists as the price trades below EMA50, reinforcing the bearish pressure surrounding it.
MoreEvening update for crude oil -31-07-2026
The price of crude oil declined during its latest intraday trading after encountering resistance at its EMA50, exposing it to negative pressure that forced a pullback amid the dominance of a short-term bearish corrective wave. The decline came after the price managed to relieve its oversold conditions on the relative strength indicators, which adds to the negative pressure surrounding it and signals the possibility of further declines in the near term.
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