Forecast update for Gold -10-07-2025
AI Summary
- Gold price rose in last intraday trading, surpassing negative pressure from EMA50 and settling above $3,315 resistance
- Price still moving alongside bearish correctional trend line on short-term basis, potential for upcoming gains with negative divergence on RSI
- Beginning to form negative divergence on RSI after reaching overbought levels, negative overlapping signals emerging
The price of (Gold) rose in its last intraday trading, taking advantage of surpassing the negative pressure that comes from the EMA50, settled above the resistance of $3,315, despite this last rise the price still moving alongside a bearish correctional trend line on the short-term basis, which might extend its upcoming gains, reversing the intraday trend, especially with the beginning of forming negative divergence on the (RSI), after reaching overbought levels, with the emergence of the negative overlapping signals on them.
Forecast update for EURUSD -10-07-2025
The price of (EURUSD) declined in its recent intraday levels, affected by the stability of the resistance level at 1.1745, with the dynamic resistance that is represented by the pair’s trading below EMA50, which prevents the recovery, and under the dominance of bearish correctional wave on the short-term basis and its trading within channel range, besides forming negative divergence on the (RSI), after reaching overbought levels, with the beginning of the negative signals appearance from them.
The EURNZD resumes the rise – Forecast today – 10-7-2025
The EURNZD repeatedly made strong bullish attempts after confirming its stability above the support base at 1.9260, recording several gains by reaching 1.9580.
Forming new support by 1.810%Fibonacci correction level, by stochastic attempt to reach the overbought level, these factors make us prefer more of the upside moves, to target 19635 level, forming the next main target for the near trading.
The expected trading range for today is between 1.9480 and 1.9600
Trend forecast: Bullish
Natural gas price achieves the initial target– Forecast today – 10-7-2025
Natural gas price confirmed its surrender to the suggested bearish correctional bias domination by reaching below $3.310 level, to notice its stability near the initial target at $3.210 level, note that the continuation of providing negative momentum by the main indicators will reinforce the chances for targeting the support at $3.050, then monitor the price behavior due to the importance of this support by confirming the main trend in the upcoming trading.
The expected trading range for today is between $3.050 and $3.300
Trend forecast: Bearish