Forecast update for Gold -29-10-2026

The EURUSD pair fluctuated in its latest intraday trading, amid continued negative pressure from trading below EMA50. This reinforces the dominance and stability of the main short-term bearish trend. Meanwhile, the relative strength indicators are beginning to form a negative divergence after reaching excessively overbought levels relative to the pair’s price action. The indicators have also started generating negative signals, adding to the downward pressure on the pair.

The CADCHF provided positive signals by the attempt of holding above 0.5905, benefiting from the positive momentum that comes from the main indicators, specifically by stochastic stability within the overbought level as appears in the above image.

The EURJPY pair kept providing temporary sideways trading by holding near 175.80 level, attempting to face the intraday positivity of stochastic to reinforce the dominance of the bearish bias, which depends on the stability of the extra barrier at 177.80.