Forecast update for Gold -16-07-2025
AI Summary
- Gold price declined in last intraday trading, but may rise again with bullish momentum
- Trading above EMA50 and under main bullish trend, with positive signals on RSI
- Forecast suggests potential for Gold to increase in value in the near future
The price of (Gold) declined in its last intraday trading, attempting to gain a bullish momentum that might assist it to rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, besides the emergence of the positive signals on the (RSI), after reaching oversold areas.
Forecast update for EURUSD -16-07-2025
The price of (EURUSD) settled high in its recent intraday levels, amid the attempts of recovering some of its previous losses, and attempts to offload some of its clear oversold conditions on the (RSI), especially with the emergence of the positive signals from them, with the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line.
The GBPCHF bounces from the support – Forecast today – 16-7-2025
The GBPCHF ended the last negative attack by hitting the target at 1.0690, facing the support of the main bearish channel, then begin forming bullish correctional waves, to settle near 1.0730.
Note that the continuation of the trading stability above the mentioned support and stochastic attempt to provide bullish momentum now, these factors confirm the price readiness to form new bullish waves that target several positive stations by its rally at 1.0780 reaching to the barrier near 1.0825
The expected trading range for today is between 1.0695 and 1.0780
Trend forecast: Bullish
Natural gas price is approaching from the barrier– Forecast today – 16-7-2025
Natural gas prices activated with stochastic attempt to provide positive momentum, to notice forming some bullish waves, approaching from the barrier at $3.6000.
The current bullish rebound will not threaten the bearish scenario, unless breaching the mentioned barrier and holding above it, therefore, we will keep waiting for gathering the negative momentum to ease the mission for reaching $3.350, then repeat the pressure at $3.180 to find an exit to resume the suggested negative attack.
The expected trading range for today is between $3.180 and $3.600
Trend forecast: Bearish