Evening update for gold -16-09-2026

The (EURUSD) continued its sideways fluctuating trading on its latest intraday levels, with the stability of the key support at 1.1530, gaining bullish momentum to face the negative pressures, amid the emergence of the negative signals from the relative strength indicators, with the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the bearish corrective trend on the short-term basis.

Ethereum Classic (ETCUSD) has been trading within a volatile intraday range as the key support level at $7.00 continues to hold, providing the cryptocurrency with some positive momentum as it attempts to recover part of its previous losses. The price is also trying to work off some of its clearly oversold conditions on the momentum indicators, particularly as fresh bullish signals begin to emerge. However, the short-term bearish corrective wave remains in control, while continued trading below the 50-period Simple Moving Average (SMA) maintains negative pressure, with the average acting as dynamic resistance and limiting the prospects for a full recovery in the near term.

Qorvo, Inc. (QRVO) surged higher in its latest trading session after successfully retesting the $109.00 level, which had previously acted as key resistance before the stock broke above it and turned it into a new support level. This support reinforces the stability and dominance of the primary short-term uptrend. The latest advance also came after the stock successfully worked off some of its overbought conditions on the momentum indicators, providing greater room for extending its gains in the near term.