Evening update for gold -02-09-2026

The EURUSD price resumed its decline during its latest intraday trading, after recording strong and sudden gains, driven by positive signals from the relative strength indicators after reaching deeply oversold levels. However, despite this sudden rise, the pair continues to suffer from negative pressure resulting from trading below EMA50, with a short-term bearish corrective wave dominance, while its movements remain aligned with a trend line supporting this path.

Ethereum (ETHUSD) kept declining in its latest intraday trading, to reach the key support at $2,350, which was a price target in our previous analysis, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery on the near-term basis. The last decline came despite the price’s attempt to offload some of its oversold conditions on the relative strength indicators, as a clear signals for its intension to deepen these losses.

Brent crude oil declined in its latest intraday trading, with the dominance of the main bullish trend on the short-term basis, with the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, attempting to gather its gains and gaining bullish momentum that might help it to resume its gains, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, easing the way for targeting new resistance levels on the near-term basis.