Evening update for Gold 16-11-2023

The EURUSD pair attempted to breach 1.0860 level but it keeps its stability below it, thus, we will continue to suggest the bearish trend for the upcoming period, which depends on the price stability below the mentioned level, noting that we are waiting to visit 1.0760 level initially.

Docusign's stock (DOCU) rose in the intraday levels, while forming a positive pattern in the short term, the Inverse Head and Shoulders pattern as shown in the attached chart, amid the dominance of the upward correctional wave in the short term, with positive signals from the RSI despite reaching overbought levels, with the stock managing to shake off negative pressure from the 50-day SMA.

Enphase Energy's stock (ENPH) rose in the intraday levels, while correcting the main downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence.