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Evening update for gold-09-07-2026
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Evening update for gold-09-07-2026
Jul 9, 2026 12:33 PM

Gold extending its gains in its recent intraday trading, breaching $4,100 resistance, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides the positive pressure that comes from its trading above EMA50, on the other hand, we notice that the relative strength indicators have reached overbought levels, exaggeratedly compared to the price action, which might decelerate the continuation of the upside moves in the near upcoming period.

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