Forecast update for gold -16-03-2026.

The price of EURUSD rose strongly on its last intraday levels, as an attempt to recover some previous losses, to offload its oversold conditions on the relative strength indicators, amid the dominance of the main bearish trend on short-term basis, with its trading alongside minor trend line, besides the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery on the near-term basis.

The CADCHF ended the previously suggested bullish corrective rally by recording the target at 0.5775, forming a strong barrier to begin forming weak sideways trading by its stability near 0.5760.

Natural gas prices provided a new negative closure below $3.450 level, to form negative waves by reaching $3.105, approaching the previous initial negative target.