Evening update for gold -03-11-2026

The EURUSD pair has been fluctuating within a sideways range during its recent intraday trading, while continuing to hold above EMA50’s support, keeping the chances of further gains intact, particularly with a bullish divergence beginning to emerge on the relative strength indicators after they reached excessively oversold levels relative to the pair's price movements. Positive signals are also starting to emerge from these indicators, confirming the dominance of a short-term bullish corrective wave.

Solana (SOLUSD) advanced in recent intraday trading as the cryptocurrency attempted to recover some of its previous losses while working off its pronounced oversold conditions on momentum indicators, particularly with the emergence of positive signals. However, the price continues to face persistent negative pressure from trading below its 50-period Simple Moving Average (SMA), which is acting as dynamic resistance and reinforcing the dominance and stability of the primary short-term downtrend. Price action also continues to follow a descending trendline that supports this bearish trajectory.

Autodesk (ADSK) extended its gains in recent intraday trading, reaching the key resistance level at $260.75, which had been our previous price target. The stock continues to benefit from dynamic support provided by trading above its 50-day Simple Moving Average (SMA), while the short-term bullish corrective trend remains firmly in control. Meanwhile, momentum indicators are beginning to form a bullish divergence after reaching extremely oversold territory at levels disproportionately low relative to the stock's price action. The emergence of positive signals from these indicators further strengthens the prospects for extending the stock's gains in the near term.