Forecast update for Gold -04-11-2026

The EURUSD pair rose in its recent intraday trading, attempting to challenge the pivotal resistance level at 1.1260. This comes amid continued trading above EMA50, which provides renewed positive momentum and confirms the dominance and stability of the short-term bullish corrective trend. This is particularly reinforced by positive signals emerging from the relative strength indicators, increasing the likelihood of further gains in the near term.

The pair recently confirmed its commitment to the bullish scenario by recording repeated closes above 1.9055, holding above the 55-moving average and achieving substantial gains as it surged toward 1.9360.

The pair ended its latest bullish corrective rally with another close below the additional resistance level at 178.10, forcing it to form negative waves and currently stabilize near 177.15.