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Forecast update for Gold -02-11-2026
Gold is holding on to its modest gains recorded earlier today, driven by positive signals emerging from the relative strength indicators after it reached deeply oversold levels. This has allowed the price to recover some of its previous losses, supported by the stability of the $3,900 support level.
However, negative pressure remains in place as gold continues to trade below EMA50, reinforcing the dominance and stability of the main bearish trend over the short term.
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Forecast update for EURUSD -02-11-2026
The EURUSD pair extended its gains in recent intraday trading, successfully breaking above resistance at EMA50, while also breaching a minor descending trend line over the short term. This has allowed the pair to shake off the surrounding negative pressure and paves the way for further gains in the near term.
MoreCoffee prices resist negative pressure – Forecast today – 2-11-2026
Coffee prices attempted to withstand the negative pressure resulting from negative momentum signals across the main technical indicators, while trying to hold above the additional support level at 283.80. This forced the price to move sideways in mixed trading, as appears on the attached chart.
MoreThe EURJPY holds above support – Forecast today – 2-11-2026
The pair ended its latest bearish wave after testing the support level at 174.95 and settling above it, delaying the bearish pressure, to form strong bullish corrective move, by reaching around 176.50.
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