Gold price approaches from the sideways range’s resistance that was mentioned this morning at 1400.00, keeping the sideways trading until now, and we notice that the EMA50 meets the mentioned resistance to strengthen this level.

In general, the morning suggested scenario remains valid and active, being aware that breaching above 1400.00 will open the way directly towards visiting 1447.00

Expected trading range for today is between: 1340.00 support and 1400.00 resistance.

Expected trend for today: Sideways

The pair provided some slight positive trading, where it finds strong support at 1.5000

In general, we are continuing in preferring the bearish trend on the short term basis, as long as the price is stable below 1.5190 – 1.5215

Expected trading range for today is between: 1.4820 support and 1.5110 resistance.

Expected trend for today: Bearish

The pair returns to the positive attempts to test 1.2900, and remains stable below it, where it is effected by Stochastic positivity, while our overall expectations for the bearish trend remain valid for today unless achieving a breach and stability above 1.2990

Expected trading range for today is between: 1.2700 support and 1.2970 resistance.

Expected trend for today: Bearish

The pair achieved 133.80 yesterday achieving the suggested target around 133.20 to settle below 38.2% Fibonacci to notice the price affection by strong bullish wave that settles through it around the initial support level 130.90

The correctional bearish bias effect continues to record 130.90, as breaking this level will allow the price gain new negative momentum to achieve 130.35 then 129.30, we notice that Stochastic sharp decline from the overbought level towards 20 level supporting the bearish overview for today’s trading.

Expected trading range between 132.00 and 129.30

Expected trend for today: bearish