Gold price fluctuates around the EMA50, finding solid resistance below 1400.00 until now, while we still waiting to confirm surpassing one of the critical levels between 1364.00 support and 1400.00 resistance to get clearer signal for the next trend, and the details of the suggested targets are explained in our morning report.

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 shows some slight bullish bias since morning, and remains stable below 1.5190, which allows us to continue in our waited bearish trend expectations for today, supported by Stochastic reach the overbought levels.

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

Expected trend for today: Bearish

The pair retested 1.2990 again this morning, and remains below it, which keeps our suggested bearish trend expectations for today valid, being aware that breaching the mentioned level will open the gate of an upside rally that reaches towards 1.3145 – 1.3185

Expected trading range for today is between: 1.2725 support and 1.3000 resistance.

Expected trend for today: Bearish

Platinum achieved 1447.50 yesterday after surpassing the initial support level 1460.00 to settle in negative level below the previous support, thus we expect the continuation of platinum attempts to achieve bearish levels in the near and medium period if the main resistance level 1520.00 remains intact.

By the above chart we notice Stochastic stability in negative level which makes us wait for getting negative signal to continue in the bearish expectation reaching 1420.00 followed by 1400.00 as main targets for the negative trading.

Expected trading range is between 1460.00 and 1420.00

Expected trend for today: bearish