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Evening update for gold-02-07-2026
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Evening update for gold-02-07-2026
Jul 2, 2026 11:32 AM

Gold rose in its recent intraday trading, breaching the key resistance level at $4,100, this resistance represents a neckline for positive technical formation on the short-term basis (the double bottom pattern), as a clear signals for resuming the corrective trend in the near upcoming period, especially with the dynamic support that is represented by its trading above EMA50, which prevented its decline in the last period, besides the emergence of the positive signals from the relative strength indicators.

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