Evening update for gold -11-09-2026

The EURUSD pair bounced higher in its latest intraday trading, due to the stability of the key support at 1.1565, which was a price target in our previous analysis, gaining some bullish momentum that helped it to achieve limited gains, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, reaching EMA50’s resistance, which stopped these gains and left it vulnerable to renewed downside pressure, affected by breaking a main bullish trend line previously on the short-term basis.

The price of Ethereum resumed its decline during its latest intraday trading after reaching EMA50’s resistance, exposing the price to negative pressure, especially as a bearish crossover begins to emerge on the relative strength indicators after they reached severely overbought levels, to suggest the beginning of a negative divergence, which could intensify the negative pressure on the price, amid the dominance of a sideways wave controlling price movements in the short term.

The price of brent crude oil continued to decline during its latest intraday trading, amid continued positive support from trading above EMA50. Meanwhile, the main short-term uptrend remains dominant, with price movements tracking along major and minor trend lines supporting this path, attempting to ease its overbought conditions on the relative strength indicators, particularly amid the emergence of negative signals, while also attempting to gain positive momentum that may help it recover and resume its bullish trend.