Gold price rallied higher sharply yesterday surpassing the minor bearish channel’s resistance and draws positive technical pattern that appears in the image, the confirmation level of this pattern is located at 1400.00, thus breaching above this level will provide bullish targets reach towards 1460.00

Now, we need to stay aside temporarily, in order to monitor the price behavior according to the critical levels which are represented by the mentioned resistance and 1368.00 support and getting confirmation signals.

Expected trading range for today is between: 1370.00 support and 1425.00 resistance.

Expected trend for today: Neutral

The pair finds a difficulty in surpassing 1.0300, to be trading in sideways range affected by Stochastic negativity, and the price might lean on 1.0180 before attempting to resume the bullish trend again.

In general, the trading stability above 1.0180 – 1.0105 keeps the positive expectations valid on the intraday and short term basis, and the targets surpass 1.0365 heading further towards 1.0660

Expected trading range for today is between: 1.0150 support and 1.0445 resistance.

Expected trend for today: Bullish

The pair shows sideways trading with slight bearish bias, while the stability below the bullish channel’s resistance represents the main factor that makes us keep our intraday bearish trend expectations, where our targets begin by testing the EMA50 at 101.65, and extend towards 99.50

Breaching 103.20 and holding with a daily close above it will stop the potential negativity.

Expected trading range for today is between 101.50 support and 103.35 resistance.

Expected trend for today: Bearish

The pair provided positive trading yesterday to test the EMA50 which represents a resistance now at 1.5285, and as long as the price is below this level, the chances will remain valid for the bearish trend return again, and the next condition represented by breaking below 1.5190.

Stochastic shows clear negative signals that supports these expectations, which are targeting initially visiting the psychological barrier at 1.5000

Expected trading range for today is between: 1.5035 support and 1.5325 resistance.

Expected trend for today: Bearish