Forecast update for gold -23-04-2026.

The EURUSD pair kept declining trading in its recent intraday trading, affected by the negative pressure that comes from its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels, to break short-term main bullish trend line, to confirm its bearish momentum in the upcoming period.

Coffee price lost positive momentum in the last trading, which forces it to form new bearish waves, to retest 276.00 support to settle above it, note that the stability above the current support might help it to motivate the bullish corrective attempts, to expect the price rally to 297.00, to extend the trading towards the next obstacle near 312.00.

Natural gas price kept forming weak sideways trading, holding above $2.620 support, but the main indicators contradiction and the continuation of forming an initial resistance at $3.160 obstructs the chances of forming new bullish waves by its fluctuations near $2.720 level.