The pair achieved a strong breach above 98.10 which was mentioned in our recent report, opening the way towards more upside track, targeting now the psychological barrier 100.00

The price might be forced to retest 98.55 before resuming its rise which will be preferred for today, unless 98.55 and 98.25 were broken to the downside.

Expected trading range for today is between 98.25 support and 100.00 resistance.

Expected trend for today: Bullish

The pair found a solid support at 1.5485 that forced it to move higher heading towards the bullish channel resistance that appears in the image at 1.5630.

Now, the trading is stuck between the aforementioned levels, and there is a contradiction between Stochastic negativity and EMA50 positivity, which makes us need to wait for surpassing one of the mentioned levels to confirm the next targets, where breaking the mentioned support will lead to visit 1.5320, while breaching above 1.5630 will push the price initially towards 1.5780.

Expected trading range for today is between: 1.5410 support and 1.5760 resistance.

Expected trend for today: Depends on the above mentioned levels

After last Friday’s mixed and strong trading, the pair settled above the EMA50, attempting to provide more positive moves, but 1.3145 level stands as an obstacle against the intraday trading.

Until now, we need to continue in the neutrality in order to monitor the price behavior according to the critical levels that have the keys of detecting the next trend on the short term basis, where these levels are represented by 1.3095 support followed by 1.3000, and 1.3145 resistance followed by 1.3200

Expected trading range for today is between: 1.2990 support and 1.32450 resistance.

Expected trend for today: Neutral

Gold price declined strongly touching the upside channel's support line mentioned in our major technical reports, holding above it until now, which keeps our positive overview valid for today.