Forecast update for Gold -10-07-2025
AI Summary
- Gold price rose in last intraday trading, benefiting from breaching bearish correctional trend and trading above EMA50
- Positive signals on RSI indicate intensifying positive momentum for Gold
- Forecast predicts continued upward trend for Gold in the short-term basis
The price of (Gold) rose in its last intraday trading, amid its affection by breaching bearish correctional trend on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the (RSI), intensifying the positive momentum.
Forecast update for EURUSD -10-07-2025
The price of (EURUSD) settled on a rise in its recent intraday levels, attempting to recover some of its previous losses, and attempt to recover some of its previous losses, and offloading its clear overbought conditions on the (RSI), amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, forming a dynamic support that prevents the price’s recovery on the near-term basis.
The GBPCHF continues the decline– Forecast today – 11-7-2025
The GBPCHF price confirmed its surrender to the supported bearish scenario by its stability within the bearish channel’s levels, providing several closes below 23.6%Fibonacci correction level at 1.0865, and forming several bearish waves to settle near 1.0785.
Forming extra barrier at 1.0825 level to increase the efficiency of the bearish track, to expect targeting new bearish stations that might begin at 1.0755 and 1.0720.
The expected trading range for today is between 1.0810 and 1.0720
Trend forecast: Bearish
The EURJPY fluctuates below the resistance – Forecast today – 11-7-2025
The EURJPY pair remains stable until this moment below the resistance of the bullish channel at 172.05, announcing the attempt of activating the bearish correctional track and beginning to gather the gains before resuming the main bullish attack. Stochastic exit from the overbought level will increase the chances of reaching 170.50, to attempt to test the extra support near 169.75.
While the price success to breach the resistance and hold above it, will open the way towards resuming the bullish attack, to expect recording extra gains that might extend in the initial period to 172.85 reaching 161.8%Fibonacci extended level at 173.45.
The expected trading range for today is between 175.50 and 172.10
Trend forecast: Bearish