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Forecast update for Gold -29-07-2026
Gold prices declined in their latest intraday trading, affected by the continuation of the negative pressure that comes from its trading below EMA50, which limited the ability of the price to continue the bullish rebound, despite its attempts to get advantage from the relative strength indicators, which began to offload the oversold conditions.
The technical pressure increased with the continuation of the effect of a minor and bullish corrective trend line on the short-term basis, reinforcing the likelihoods of resuming the bearish trend in the upcoming near period, especially if it continues the trading below its main technical resistance.
Forecast update for EURUSD -29-07-2026
The EURUSD pair declined in its last intraday trading, reaching EMA50’s resistance, putting it under negative pressure amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend for this path, besides the emergence of the negative signals from the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressure, indicating more downside moves in the near upcoming period.
MoreThe EURGBP resumes the bullish correction– Forecast today – 29-7-2026
The EURGBP continued forming bullish corrective waves, benefiting from stochastic positivity, to notice surpassing the barrier at 0.8555 barrier to ease the mission of achieving some gains by reaching 0.8573 level.
MoreNatural gas price is approaching support level– Forecast today – 29-7-2026
Natural gas price activated the previously suggested negative attack, approaching the support at $2.620, which formed the initial main target in the bearish scenario, note that the continuation of providing negative momentum that might push the price to break the current support, to reinforce the chances of reaching extra negative stations that might begin at $2.510 reaching $2.280.
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