Gold price’s trading settled near the resistance level 1400.00, where the EMA50 and Stochastic are pushing negatively on the intraday trading.

Now, monitoring the trading according to 1400.00 and 1364.00, until it manages to surpass one of these levels to provide clearer signal for the next trend.

Note that breaching above 1400.00 will lead to target 1447.00 directly, while breaking 1364.00 will cause more loses, and the first station at 1340.00 followed by 1300.00

Expected trading range for today is between: 1340.00 support and 1447.00 resistance.

Expected trend for today: Depends on the abovementioned levels

The pair didn’t manage to settle long above 1.0365, fluctuating in sideways range affected by Stochastic current negativity.

In general, we are continuing in the intraday bullish trend expectations, depending on the stability above 1.0100, and the targets extend towards 1.0660

Expected trading range for today is between: 1.0265 support and 1.0500 resistance.

Expected trend for today: Bullish

The pair succeeded to achieve our waited targets yesterday, approaching from the psychological barrier 100.00, while the trading bounces higher affected by Stochastic positivity.

In general, the stability below the bullish channel’s resistance keeps the intraday bearish trend expectations valid, and the next targets reach towards 99.70 then 98.75, while achieving them requires holding below 103.55.

Expected trading range for today is between 101.00 support and 103.00 resistance.

Expected trend for today: Bearish

The pair rise was stopped around 1.5125, and there are signals for an intraday bearish channel appears in the above image, and the negative expectations remain valid, supported by the negative pressure that come from the EMA50 besides Stochastic.

Thus, we are waiting for our main targets around, while achieving them require 1.5000 besides the stability below 1.5190

Expected trading range for today is between: 1.4820 support and 1.5190 resistance.

Expected trend for today: Bearish