|
Gold Price Prepares to Break Our Price Target – Analysis –30-10-2026
Gold continued to decline in its latest intraday trading, bringing the price down to the key psychological support level of $4,000, which was a price target in our earlier analysis, and the price is now poised to break below it amid continued negative pressure from trading below EMA50, reinforcing the dominance and stability of the main short-term bearish trend, as the price moves alongside a trend line supporting this bearish path.
On the other hand, a positive crossover is beginning to emerge in the relative strength indicators after they reached deeply oversold territory, which may help the price consolidate, at least temporarily, against these negative pressures.
Thanks for your feedback.
EURUSD Breaks Below a Key Bearish Trend Line – Analysis –30-10-2026
The EURUSD pair continued to rise in its latest intraday trading, driven by positive signals from the relative strength indicators. This advance enabled the pair to break above a major short-term bearish trend line, with a move above EMA50’s resistance. As a result, the pair has shaken off the negative pressure, supporting the chances of further recovery in the near term.
MoreEvening update for Bitcoin – 29-10-2026
Bitcoin (BTCUSD) extended its gains in recent intraday trading, supported by the resilience of the key support at $80,000 level and positive signals from the relative strength indicators after reaching deeply oversold levels. The latest rise has enabled the price to breach EMA50’s resistance, easing the negative pressure and paving the way for further gains in the near term.
MoreEvening update for Crude oil -29-10-2026
Crude oil prices extended their consecutive losses in recent intraday trading, breaking below a main short-term bullish trend line, signaling a potential reversal of the bullish trend. This comes amid continued negative signals from the relative strength indicators, despite reaching deeply oversold territory. Prices are currently relying on their last opportunity to gain positive momentum that could support a recovery, namely the support provided by EMA50.
More