Evening update for gold -10-09-2026

The EURUSD pair rose in its latest intraday trading, after finding support at EMA50, which coincided with a test of the support of a major short-term ascending trend line. This provided the pair with positive momentum, helping it rebound quickly and recover much of its early losses, especially as the relative strength indicators began showing a positive crossover.

Cardano (ADAUSD) declined in recent intraday trading, pressured by resistance from its 50-period Simple Moving Average (SMA), which continues to expose the price to negative pressure. Meanwhile, the cryptocurrency is searching for a higher low that could provide a solid base for rebuilding the positive momentum needed to resume its recovery. The primary short-term uptrend remains intact, with price action continuing to follow an ascending trendline that supports the prevailing bullish bias. Momentum indicators are also generating bullish signals after reaching extremely oversold territory, strengthening the prospects for a recovery if the price can hold above its nearby support levels.

Occidental Petroleum Corporation (OXY) advanced in recent intraday trading, confirming its breakout above the key resistance level at $60.80. The stock continues to benefit from a minor short-term ascending trendline, while trading above its 50-day Simple Moving Average (SMA) provides additional positive support. However, momentum indicators have begun generating bearish signals, which could limit the stock's upcoming gains.