Evening update for crude oil -01-06-2026

Gold prices kept declining during recent intraday trading, surpassing EMA50’s support, putting it under intensive negative pressure, confirming the main bearish trend dominance on the short-term basis, with the price trading alongside supportive trend line for this path, noticing the continuation of the negative signals from the relative strength indicators, despite reaching oversold levels, despite reaching oversold levels.

The EURUSD pair declined during its latest intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, to surpass EMA50’s support, putting it under intensive negative pressure, and reduces the chances of its recovery in the upcoming near period.

Zcash (ZECUSD) price declined in its latest intraday trading after colliding with the resistance of its 50-day SMA, which forced the price to reverse lower amid the dominance of a short-term corrective bearish wave. This came alongside continued negative signals from the Stochastic indicators after previously reaching deeply overbought levels, increasing the negative pressure surrounding the price and contributing to this decline.