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Bullish start but gap up | dip and rise | 10871 10803 support | 10980 11052 resistance

Nick@ht-admin
#1 · 3rd August 2026, 9:22 am

Technical analysis for 3rd August 2026

The broad picture remains constructive for the European markets, while the US indices are approaching major resistance and Gold continues to lack directional conviction.

We begin August with a much more positive tone than we finished July while the biggest development over the weekend has been the dramatic shift in the Middle East. Rather than launching further military action, the United States has opened diplomatic talks with Iran aimed at easing tensions and reopening shipping through the Strait of Hormuz.

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Last edited on 3rd August 2026, 9:25 am by Nick