Forecast update for Gold -18-07-2025
AI Summary
- Gold price increased significantly in last intraday trading due to positive momentum from EMA50 support
- Main bullish trend is dominant, but negative signals on RSI could slow down the upside track
- Critical resistance levels may impact future price movements
The price of (Gold) soars high in its last intraday trading, affected by a positive push after its lean on the support of its EMA50, providing positive momentum that assisted it to achieve the strong gains, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the upside track especially when reaching near critical resistance.
Forecast update for EURUSD -18-07-2025
The price of (EURUSD) rose in its recent intraday levels, approaching from retesting the critical resistance level at 1.1655, accompanied by reaching the resistance of its EMA50, the (RSI) reach to overbought levels puts it under negative pressure, with the beginning of negative overlapping signals appearance on the short-term basis and its trading alongside a bias line.
Coffee price settles above the support – Forecast today – 18-7-2025.
Coffee prices repeatedly provided positive closes above the critical support near 275.90, to notice forming several bullish waves, to settle within the minor bullish channel’s levels that its support is located near 297.35, to begin recording gains by reaching 309.10.
The stability within the bullish channel’s levels and providing positive momentum by stochastic will reinforce the chances for recording extra gains by its rally to 317.60, then attempts to press on 38.2%Fibonacci correction level at 327.40.
The expected trading range for today is between 299.00 and 317.60.
Trend forecast: Bullish
The EURJPY repeats the positive closes– Forecast today – 18-7-2025.
The EURJPY pair kept its stability above the breached bullish channel’s resistance, which forms an extra support at 172.10, forming a new bullish rally and its fluctuation near 173.00 level.
Note that monitoring the price behavior after achieving the target at 173.40, due to the continuation of stochastic contradiction by its fluctuations below 80 level, and surpassing this level is important to reinforce the chances for resuming the bullish attack and reaching new positive stations that might extend to 173.85 and 174.40, while activating the bearish correctional track requires a sharp decline to settle below 172.00.
The expected trading range for today is between 172.10 and 173.85.
Trend forecast: Bullish