|
Forecast update for gold -04-05-2026.
Gold kept declining in its recent intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that increases the likelihoods of deepening its losses on the near-term basis, this performance indicates the dominance of clear minor bearish wave that pushes the price to keep losing bullish momentum. accompanied by the emergence of the negative signals from the relative strength indicators, which supports the negative overview and suggest a potential extension for the downside moves in the upcoming period, which keeps the selling pressures dominant, waiting for reversal signals that might limit this bearish trend.
Forecast update for EURUSD -04-05-2026.
The EURUSD pair declined in its recent intraday trading, surpassing EMA50’s support, which puts it under negative pressure on the relative strength indicators after reaching oversold levels, exaggeratedly compared to the price move, to indicate forming positive divergence that might help it to gain the required bullish momentum for its recovery, especially with the dominance of the main bullish trend on short-term basis.
MoreThe GBPAUD paves the way for a new decline– Forecast today – 4-5-2026
The GBPAUD continued forming bearish waves in the last period, to keep its stability below the extra barrier at 1.9070, reaching 1.8850, taking advantage of the continuation of providing negative momentum by the moving average 55.
MoreThe EURJPY repeats the negative closes– Forecast today – 4-5-2026
The EURJPY pair kept its negative stability since the last trading by providing repeated negative closes below the barrier at 185.45 level, to target the previously suggested negative stations by reaching 182.60 level.
More