Gold price is affected by Stochastic current positivity, providing some slight bullish bias, but EMA50 keeps pushing negatively on the intraday trading, which makes us keep our morning issued expectations valid as they are, and breaking below 1373.50 will reinforce these expectations.

Expected trading range for today is between: 1350.00 support and 1400.00 resistance.

Expected trend for today: Bearish

The pair shows sideways trading since morning, heading towards a new test to 1.5270, while we still continuing in preferring the intraday bearish trend for today depending on the EMA50 and Stochastic negativity.

Expected trading range for today is between: 1.5070 support and 1.5360 resistance.

Expected trend for today: Bearish

The pair finds good support at 1.2850 that forces it to provide slight positive bias now, and the price might test 1.2900 again, but generally, we still keeping our morning suggested scenario valid as it is unless breaching 1.2970 and holding above it.

Expected trading range for today is between: 1.2725 support and 1.2970 resistance.

Expected trend for today: Bearish

The trading remained stable below the main resistance level around 133.00 the waiting for forming correctional bias to reach the support level that accompanied with the moving average 55 at 130.20 as appears in the above chart.

We notice that the price is within the ascending triangle pattern which provides negative signals to break the triangle’s support to provide negative trading reaching towards 128.90 in the medium period.

Stochastic provides negative signals by settling below 50 level to support our correctional bias in the upcoming period.

Expected trading range is between 132.40 and 130.50

Expected trend for today: bearish.