Evening update for gold -02-10-2026

The EURUSD pair maintains its recent gains in its latest intraday trading, driven by the emergence of positive signals from the relative strength indicators, as the pair attempts to recover some of its previous losses. However, the main bearish trend remains dominant in the short term, with the pair moving alongside a trend line supporting this path. This comes alongside continued negative pressure from trading below EMA50, which represents dynamic resistance and limits the chances of a full recovery in the near term.

Ethereum (ETHUSD) rose in its recent intraday levels, after breaching the key and minor resistance level at $2,700, benefiting from the positive support that comes from its trading above EMA50, which provided dynamic support base that reinforced the dominance and the stability of the main bullish trend on the short-term basis. On the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might limit the pace of the rise in the upcoming near period.

Brent crude oil witnessed sharp losses during recent intraday trading, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, despite this decline, the price is leaning on EMA50’s support, which provides a last chance for gaining the required bullish momentum for its recovery after offloading the overbought conditions, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside trend line.