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Forecast update for Gold -28-07-2026
Gold prices deepened its losses during their latest intraday trading, breaking a bullish corrective trend line on the short-term basis, accompanied by surpassing EMA50’s support, intensifying the negative pressures and suggesting more losses in the near upcoming period, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.
Forecast update for EURUSD -28-07-2026
The EURUSD pair kept declining in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of a full recovery on the near-term basis, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.
Coffee price repeats the positive closes – Forecast today – 28-7-2026
Despite forming mixed sideways trading by coffee price, it didn’t affect the main bullish trend due to its stability above the main support at 275.80 besides the attempt to form extra support by the moving average 55 stability near 301.10.
We recommend waiting to begin gathering extra positive momentum to ease the mission of surpassing 337.50 level and holding above it to confirm its readiness for targeting new bullish stations that begin at 357.00 and 375.00.
The expected trading range for today is between 310.00 and 357.00
Trend forecast: Bullish
The EURJPY fails in achieving the breach– Forecast today – 28-7-2026
The EURJPY pair failed in breaching the barrier at 186.65, forcing it to form some corrective waves, holding near 186.10, noticing the stability within the minor bullish channel’s levels as its main support settles near 185.50 level, which makes us keep the bullish scenario and wait for breaching the barrier to ease the mission of reaching new positive stations that might begin at 186.95 and 187.60.
While the decline below the bullish channel’s support and holding below it will cancel the bullish scenario in the near trading, forcing it to suffer several losses by reaching 184.85.
The expected trading range for today is between 185.70 and 186.95
Trend forecast: Bullish