The tight range dominates Gold price trading since morning, while stochastic loses its bullish momentum gradually, as our bearish overview continues for today efficiently, unless 1383.00 level was breached, which will open the way for a potential retest to 1400.00 level.
Expected trading range for today is between: 1340.00 support and 1387.00 resistance.
Expected trend for today: Bearish
The pair is trading near the critical support level 1.5600, which meets the EMA50 to add more strength to this support, which encourages us to continue our positive expectations for today, which condition holding above the mentioned level to reach targets that begin at 1.5700
Expected trading range for today is between: 1.5550 support and 1.5875 resistance.
Expected trend for today: Bullish
The pair fluctuates in sideways range since morning, making new attempt to breach 1.3400 level, while stochastic negativity causes the current sideways trading.
In general, our bullish overview remains valid and active unless 1.3295-1.3275 levels were broken.
Expected trading range for today is between: 1.3295 support and 1.3570 resistance.
Expected trend for today: Bullish
The pair hit 128.10 yesterday approaching from the waited target at 128.40, and start heading for positive levels by holding above the moving average, and to assure the domination of the bullish bias, we need a breach for 129.20 level to reach 131.20 level as a main target.
Stochastic supports the bullish bias by breaching 50 level as shown in the chart, thus, the indicators begin to meet by agreeing the near term expected bullish bias.
Expected trading range is between: 126.50 and 129.20
Expected trend for today: Bullish