Forecast update for Gold -10-11-2026

The EURUSD pair edged lower in its latest intraday trading, taking a breather to lock in gains from its previous advance while attempting to unwind some of its clearly overbought conditions on the relative strength indicators, particularly amid emerging negative signals from these indicators. This comes amid the dominance of a short-term upward corrective wave, while the pair continues to benefit from trading above its EMA50, which provides dynamic support and strengthens its chances of recovering and resuming its gains in the near term.

The pair’s bullish trend remains unchanged, as it continues to hold above the additional support level at 1.0900. The price has recently formed new bullish waves and is now trading near 1.1015. We note that the main momentum indicators are aligned in providing positive signals, which could give the price an opportunity to resume its upward advance. We expect it to approach the resistance barrier at 1.1100 soon. A break above this level could extend gains toward 1.1155 and then the resistance level at 1.1205.

Natural gas prices have begun forming new bullish waves, moving away from the main support level at $2.620. The price is now testing the 55- period moving average, which has consistently acted as a strong barrier around $3.250.