Forecast update for Gold -03-11-2026

The EURUSD pair declined in its latest intraday trading, amid continued negative signals from the relative strength indicators, while the stubborn resistance level at 1.1190 remains intact. The decline has also pushed the pair below its EMA50 support, potentially exposing it to further downside pressure and signaling additional losses in the near term.

The pair resisted bearish pressure, supported by the strength of the support level at 189.25. It has recently formed several bullish waves, allowing it to stabilize above the resistance barrier at 192.30 and record further gains, currently trading near 192.90.

There has been no change in the temporary sideways movement of natural gas prices, given the continued conflicting signals from the main indicators, which are currently providing negative momentum. However, repeated stability above the main support level at $2.620 reinforces the chances of confirming the bullish scenario in upcoming trading sessions.