Evening update for gold-05-06-2026

The EURUSD pair declined during its latest intraday trading, after reaching EMA50’s resistance, breaking the key support at 1.1590, deepening its losses to reach the next support at 1.1530, amid the dominance of the bearish trend on the short-term basis, with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

Ethereum price (ETHUSD) extended its losses in its recent intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure, especially with the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for deepening these losses in the upcoming near period.

Brent crude oil price declined during its recent intraday trading, after losing big part of its positive momentum, where the price managed to offload its oversold conditions on the relative strength indicators, however the indicators began showing new negative overlapping signal that indicates the return of the selling pressures.