Evening update for crude oil -07-08-2026

Gold witnessed fluctuating trading in the last intraday levels, to settle with strong and consecutive gains, affected by breaching the main resistance at $4,300, to gather the gains of its previous rises, amid the dominance of strong bullish wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances for extending these gains, especially with the emergence of the positive signals from the relative strength indicators.

The EURUSD pair rose in its last intraday trading, attacking the resistance level at 1.1555, this resistance was expected target in our previous analysis, supported by its continued trading above EMA50, with the emergence of the positive signals from the relative strength indicators, after forming positive divergence that reinforced the ability of the pair to achieve these gains, amid the dominance of the bullish corrective trend on the short-term basis.

(ETHUSD) rose in its last intraday trading, to begin its recovery, amid the continuation of the positive pressure that comes from its trading above EMA50, which represents dynamic support that reinforces the dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line for this path, noticing the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending these gains on the near-term basis.