Forecast update for Silver -10-11-2026

Gold slipped lower in its latest intraday trading, amid emerging negative signals from the relative strength indicators after the indicators reached overbought territory. This decline pushed the price below the key support level of $4,100, as it attempts to find a higher bottom that could serve as a base for building the positive momentum needed to regain its recovery and resume its upward movement, amid the dominance of a short-term upward corrective trend, with the price moving alongside an ascending trend line that supports this path. Gold also continues to benefit from trading above its EMA50, which provides positive dynamic support and strengthens its chances of recovery.

The EURUSD pair edged lower in its latest intraday trading, taking a breather to lock in gains from its previous advance while attempting to unwind some of its clearly overbought conditions on the relative strength indicators, particularly amid emerging negative signals from these indicators. This comes amid the dominance of a short-term upward corrective wave, while the pair continues to benefit from trading above its EMA50, which provides dynamic support and strengthens its chances of recovering and resuming its gains in the near term.

The pair’s bullish trend remains unchanged, as it continues to hold above the additional support level at 1.0900. The price has recently formed new bullish waves and is now trading near 1.1015. We note that the main momentum indicators are aligned in providing positive signals, which could give the price an opportunity to resume its upward advance. We expect it to approach the resistance barrier at 1.1100 soon. A break above this level could extend gains toward 1.1155 and then the resistance level at 1.1205.