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Silver Catches Its Breath, but Selling Pressure Remains –Analysis – 03-08-2026
The price of silver edged slightly higher during its latest intraday trading, attempting to alleviate some of its clearly oversold conditions on the relative strength indicators. The price benefited from the improvement in indicators, which began to generate positive signals, providing limited support for price movements.
However, this recovery encountered resistance at EMA50, which limited the price’s ability to continue rising. As a result, the technical outlook remains cautious amid the continued dominance of the main short-term bearish trend, with the moving average remaining a key obstacle to any more sustainable recovery.
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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.
MoreEURUSD 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.
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