Forecast update for Gold -09-11-2026

The EURUSD pair surged higher in its recent intraday trading, driven by positive signals from the relative strength indicators, reaching EMA50’s resistance. This coincided with a retest of the key resistance level at 1.1190, in a move that may signal the pair’s determination to recover and shake off the surrounding negative pressure. However, a confirmed breakout above these resistance levels is still needed to strengthen the likelihood of this positive scenario, particularly as the main bearish trend continues to dominate the pair’s price action.

The pair ended its recent bullish surge after encountering strong resistance near 2.0160, remaining below this level and prompting a series of negative waves. It is currently trading near 1.9965.

Natural gas price has been moving sideways at a slow pace in its latest trading, repeatedly hovering near the $3.000 level, while attempting to withstand the negative signals from the main indicators. This increases the chances of activating the bullish rebound scenario, which remains supported by the stability of the key support level at $2.620.