Evening update for gold -09-11-2026

The EURUSD pair maintained its early gains during today’s trading, driven by positive signals from the relative strength indicators, surpassing EMA50’s resistance, marking an important step toward overcoming the negative pressures surrounding it, to challenge the 1.1190 resistance level. However, the relative strength indicators have entered extremely overbought levels, suggesting that the positive momentum surrounding the pair may quickly fade, potentially putting these gains at risk of a reversal.

Zcash (ZECUSD) posted cautious gains in recent intraday trading in a desperate attempt to recover some of its previous losses. However, a steep secondary bearish wave continues to dominate the short-term price action, while persistent negative pressure from trading below its 50-period Simple Moving Average (SMA), which is acting as dynamic resistance, limits the prospects for a full recovery in the near term. The bearish outlook is further reinforced by continued negative signals from momentum indicators.

Alaska Air Group (ALK) edged higher in recent intraday trading after finding support at its 50-day Simple Moving Average (SMA), which provided fresh positive momentum and helped the stock achieve its latest gains. However, the stock continues to face negative pressure from the emergence of bearish signals on momentum indicators after they reached extremely overbought territory. Meanwhile, the stock remains influenced by a previously formed bullish technical pattern on the short-term chart, namely a falling wedge, which supports the prospects for further gains.