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Forecast update for Gold -15-09-2026
Gold declined in its latest intraday trading, confirming a break below the key $4,300 support level, which increases the downside pressure surrounding the price. This comes as the short-term corrective bearish trend remains dominant, with the price moving along a trend line supporting this path. In addition, continued negative pressure from trading below EMA50 is reducing the chances of a full recovery in the near term, particularly as negative signals have started to emerge from the relative strength indicators after the price managed to relieve its oversold conditions, leaving room for further declines in the coming period.
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Forecast update for EURUSD -15-09-2026
The EURUSD pair remains under pressure in its latest intraday trading, preparing to break below the key support level at 1.1530. Negative signals have started to emerge again from the relative strength indicators after the pair managed to relieve its oversold conditions, increasing the downside pressure, particularly as the pair continues to trade below EMA50, reinforcing the stability and dominance of the short-term corrective bearish trend.
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The pair ended its corrective bullish rebound after encountering resistance near 0.8605 and stabilizing below it, maintaining its overall movement within the bearish channel shown on the attached chart.
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The pair attempted to benefit from the Stochastic indicator’s move out of oversold territory by forming some corrective bullish waves, with the price currently fluctuating near 178.55. This rebound does not pose any threat to the bearish scenario, supported by the stability of the key resistance at 180.80, in addition to the formation of 179.45 as an additional barrier against further bearish trading.
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