Forecast update for Gold -28-07-2026

The EURUSD pair kept declining in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of a full recovery on the near-term basis, especially with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels.

Despite forming mixed sideways trading by coffee price, it didn’t affect the main bullish trend due to its stability above the main support at 275.80 besides the attempt to form extra support by the moving average 55 stability near 301.10.

The EURJPY pair failed in breaching the barrier at 186.65, forcing it to form some corrective waves, holding near 186.10, noticing the stability within the minor bullish channel’s levels as its main support settles near 185.50 level, which makes us keep the bullish scenario and wait for breaching the barrier to ease the mission of reaching new positive stations that might begin at 186.95 and 187.60.