Forecast update for Gold -11-11-2026

The EURUSD pair continued to decline in its latest intraday trading, breaking below the 1.1150 support level and adding to the negative pressure weighing on the pair. This comes amid continued pressure from trading below EMA50, which acts as dynamic resistance and reinforces the dominance and stability of the main short-term bearish trend. This coincides with further negative signals from the relative strength indicators, despite their reaching deeply oversold levels.

Coffee price surrendered to the negative pressures that come from providing negative momentum by the main indicators, to reach below 282.70 level, to retest the main support at 269.00.

The pair maintained its stability above the additional support level at 176.15, making some bullish attempts that pushed it toward 177.25. However, it remains below resistance at 178.10, as the main indicators have continued to show conflicting signals recently.