|
Forecast update for Gold -05-06-2026
Gold price rose in its recent intraday trading, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term, with its trading alongside supportive trend line for this path.
Thanks for your feedback.
Forecast update for EURUSD -05-06-2026.
The EURUSD pair surged higher in its last intraday trading, surpassing the resistance of EMA50, to get rid of its negative pressure, surpassing the resistance of minor bearish trend line on the short-term basis, as a clear signals for continuing the upside movement in the near upcoming period, with the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains.
MoreCoffee price surpasses the initial target – Forecast today – 5-6-2026
Coffee price confirmed the dominance of the bearish bias by providing repeated closes below the barrier at 275.80 level, activating with the main indicators negativity by surpassing the initial support at 256.60 and its stability near 246.35.
MoreNatural gas price presses on the moving average– Forecast today – 5-6-2026
Natural gas price renewed the bullish attempts, reaching the moving average55 at $3.350, to find an exit for resuming the bullish trend in the near and medium period trading.
More