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Forecast update for gold -06-03-2026.
The price of gold declined in its last intraday trading, affected by breaking bullish trend line on short-term basis, after offloading its oversold conditions on the relative strength indicators, with the emergence of negative overlapping signals, intensifying the chances of extending its losses on near-term basis.
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Forecast update for EURUSD -06-03-2026.
The price of EURUSD declined in its last intraday trading, to reach our morning expected target at 1.1565 support, preparing to break it amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the strength and stability of the main bearish trend on short-term basis, to notice the emergence of negative signals from relative strength indicators, intensifying the negative pressure on the pair.
MoreThe GBPCAD repeats the negative closes– Forecast today – 6-3-2026
The GBPCAD confirmed its move to the negative track by providing several negative closes below the broken support at 1.8430, to form strong resistance and target several negative stations by reaching 1.8190.
MoreThe EURJPY attempts to recover some losses– Forecast today – 6-3-2026
The EURJPY pair provided several positive closes above %23.6 Fibonacci correction level at 182.05, to form a new extra support, providing a chance to recover some losses by its rally towards 183.20 as appears in the above image.
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