Forecast update for Gold -13-05-2025

The price of (EURUSD) rose in its recent intraday trading, attempting to recover some of its previous losses, and offloading its clear oversold conditions on the (RSI), especially with the emergence of the positive signals from it, despite this rise the price remains stable below the resistance at 1.1150, this level represents 50% Fibonacci correction level for the last bullish wave on the short-term basis (from 1.0730 to 1.1572), which indicates a temporary rise.

The CADJPY took advantage of the positive momentum that came from stochastic, which allows it to breach the resistance of the bearish channel’s resistance at 104.55 level, to begin forming strong bullish waves, achieving clear gains by reaching 106.25.

No news for Natural gas price until this moment, to keep forming sideways trading, keeping its stability above the moving average 55 near $3.610, increasing the chances for activating the bullish attack again.