|
Forecast update for gold -16-04-2026.
Gold price is showing calm movement in its recent intraday trading, remaining stable above the key resistance level of $4,800. The short-term trend is dominated by a bullish corrective movement, with price action moving along a supportive trendline. Positive pressure continues as the price trades above EMA50, reinforcing the strength of the current upward movement.
In the background, positive signals emerge from the relative strength indicators after reaching deeply oversold levels, which enhances the chances of a near-term recovery.
Forecast update for EURUSD -16-04-2026.
The EURUSD pair declined in its recent intraday trading, with the resistance level at 1.1790 holding firm against the pair’s upward attempts. At the same time, negative signals are emerging from the relative strength indicators, as the pair tries to gain positive momentum that could help it recover and break above this resistance. This comes amid continued dynamic support from trading above the EMA50, which strengthens the stability of the main short-term bullish trend.
MoreThe EURGBP fluctuates below the barrier– Forecast today – 16-4-2026
The EURGBP formed some mixed waves in its last trading, to face the barrier at 0.8735 level, settling below it to reach the moving average of 55 near 0.8685.
MoreNatural gas price repeats the pressure on the support– Forecast today – 16-4-2026
Natural gas price kept providing strong pressure on the support level at $2.620, attempting to find an exit for resuming the previously suggested negative attack, the continuation of providing negative momentum makes us wait for achieving the required break, to open the way for reaching extra negative stations that are located at $2.390 and $2.250 level.
More