Evening update for gold -11-11-2026

The EURUSD price declined in its latest intraday trading, breaking below the pivotal support level of 1.1115, which represented our last price target in previous analysis. This comes amid continued negative pressure from trading below EMA50, which reinforces the stability and dominance of the short-term bearish trend. Negative signals are also emerging from the relative strength indicators.

(ETHUSD) has been trading in a volatile manner in its latest intraday movements, amid the dominance of the main short-term downtrend, with the price moving alongside major and minor trend lines supporting this bearish trend. Additionally, continued negative pressure from trading below EMA50 remains in place. However, positive signals emerging from the relative strength indicators have provided the price with some positive momentum, helping it withstand the surrounding downside pressures.

Brent crude oil maintained a series of consecutive but cautious gains in its latest intraday trading, attempting to recover part of its previous losses. Meanwhile, the relative strength indicators have moved into deeply overbought territory, signaling that the positive momentum supporting the price is becoming exhausted, as a bearish crossover begins to emerge on these indicators, signaling a potential downward reversal. This comes amid the dominance of the main short-term bearish trend and continued negative pressure from trading below EMA50, intensifying the downside pressure on the price.