Forecast update for gold -05-02-2026.

The price of EURUSD settles on a decline in its last intraday trading, amid the dominance of steep bearish corrective wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on near-term basis, on the other hand, we notice the emergence of positive overlapping signals from relative strength indicators after reaching oversold levels, reducing its last losses, to witness intraday fluctuations.

The CHFJPY closed the last bullish rally by recording the main target at 202.10, facing a %261.8 Fibonacci extension level, forming strong barrier against the bullish attempts in the current period, which forces it to form some bearish corrective waves, to settle near 201.45.

Natural gas price began resisting the negative pressures due to stochastic stability below 50 level, attempting to settle above the bullish channel’s support at $3.050, to settle near the moving average 55 at $3.450 level.