Evening update for gold -29-10-2026

The EURUSD pair rose in its latest intraday trading, supported by the key support level at 1.1115. Holding above this support has provided the pair with positive momentum, helping it achieve these gains, accompanied by positive signals despite reaching overbought territory.

Dash (DASHUSD) extended its losses in recent intraday trading after breaking below the support of its 50-period Simple Moving Average (SMA), exposing the cryptocurrency to increased negative pressure. This intensified selling pressure subsequently pushed the price below a short-term ascending corrective trendline, raising the prospects for deeper losses in the near term. The bearish outlook is further reinforced by continued negative signals from the momentum indicators, despite their presence in extremely oversold territory.

Palo Alto Networks (PANW) edged lower in recent intraday trading as the stock took profits from its previous gains while attempting to rebuild positive momentum that could help it resume its strong upward trajectory. The stock continues to benefit from trading above its 50-day Simple Moving Average (SMA), which is providing positive support, while the primary medium-term uptrend remains firmly in control. Price action also continues to follow an ascending trendline that supports the prevailing bullish bias, with momentum indicators generating positive signals that further strengthen the prospects for additional gains.