Gold Price Shows Negative Signals, Opening the Way for Further Losses – Analysis – 02-10-2026

The EURUSD price remains under a series of sharp and consecutive losses during its latest intraday trading, reaching the 1.1290 support level, which was our final price target for the pair in our previous analyses. This comes amid the dominance of the main short-term bearish trend, with price moving along a minor trend line supporting this path, in addition to continued negative pressure from trading below the EMA50.

Bitcoin (BTCUSD) continued its volatile movements during its latest intraday trading, affected by the downside pressure resulting from trading below its EMA50, which has prevented the price from recovering throughout the previous period, particularly with the dominance of a short-term corrective bearish wave. On the other hand, positive signals are emerging from the relative strength indicators, helping the price hold its ground against these downside pressures.

Crude Oil has been trading with volatility during its latest intraday levels, driven by positive signals emerging from the relative strength indicators. The recent rise has brought the price to a test of resistance at its EMA50, while also testing a short-term corrective bearish trend line, in an important attempt to surpass the negative pressures and resume its near-term recovery, if it first breaks above this area.