Gold price decline stopped at the breached bearish channel which turns into support now at 1353.00, and the price still needs signals to confirm its next trend, where breaking below the mentioned support will turn the negative pressure again, targeting 1300.00

On the other hand, breaching levels between 1398.00 – 1403.00 will push the price to the upside to test areas initially around 1447.00

Thus, the neutrality remains valid, until confirming surpassing one of the aforementioned levels.

Expected trading range for today is between: 1350.00 support and 1403.00 resistance.

Expected trend for today: Neutral

The pair made a new attempt to surpass 1.0300 but it didn’t achieve a daily close above it yet, keeping the sideways fluctuation on the intraday basis, and Stochastic negativity interprets the difficulty of moving higher now.

In general, we remain in our intraday bullish trend, depending on the stability above 1.0180 and 1.0100, reminding you that the target begin at 1.0365 and extend towards 1.0660

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

Expected trend for today: Bullish

The pair moves in sideways track since last week, and remains stable below the bullish channel’s resistance, while the EMA50 continues in the attempts to prevent the price from achieving more decline.

In general, we are continuing in preferring the intraday bearish trend, supported by the bearish trend that provided by Stochastic, and the targets begin by surpassing 101.80 followed by 101.25 to open the way initially towards 100.00, while achieving these targets requires holding below 103.30

Expected trading range for today is between 101.25 support and 103.35 resistance.

Expected trend for today: Bearish

The pair kept the daily close stability below 1.5190, to keep our bearish trend scenario active for today, waiting for targets that begin near the psychological barrier 1.5000

Stochastic positivity might cause some sideways fluctuation, while the EMA50 supports our bearish trend expectations, which remain valid by holding below 1.5190 – 1.5260

Expected trading range for today is between: 1.5000 support and 1.5260 resistance.

Expected trend for today: Bearish