Forecast update for Gold -16-09-2026

The EURUSD pair declined in its latest intraday trading, erasing most of its early gains for today affected by the stability of the key support at 1.1530, gaining some bullish momentum and helped it to face negative pressure, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels exaggeratedly compared to the price move, which suggest the return of the last decline.

The GBPAUD benefited by stochastic rally to the overbought level, to notice forming some bullish corrective waves, to recover some of the losses by reaching 1.8940 level.

Natural gas price kept the previously suggested bullish trend by providing repeated positive closes above $2.620 support; however, the continuation of the main indicators pushed it to provide new sideways fluctuation by holding near $2.920.