Gold price resumes its positive trading to reach our first extended target at 2300.00$, and we suggest the continuation of the bullish bias to visit 2320.00$ as a next positive station, to keep the bullish trend valid and active for the upcoming period conditioned by the price stability above 2260.00$.

The GBPUSD price breached 1.2580$ level strongly to stop the recently suggested negative scenario and head towards attempting to regain the bullish trend, noting that the continuation of the rise and breaching 1.2700$ will confirm the continuation of the bullish trend domination and achieve positive targets that start at 1.2800$, while breaking 1.2580$ will put the price under the correctional bearish pressure again, which its next target located at 1.2480$.

The EURUSD price rallied upwards to breach 1.0765$ level and heads towards expected test to 1.086$ level, and we need to monitor the upcoming trades according to these levels due to their importance to determine the next trend, noting that breaching 1.0860$ will push the price to achieve additional gains that reach 1.0960$, while breaking 1.0765$ represents negative factor that will press on the price to target 1.0645$ areas on the near term basis.

Brent Oil Price Analysis

Brent oil price resumes its positive trades now, waiting to test the 90.00$ level that represents our first target. We expect to breach this level to extend the bullish wave towards 91.00$ as the next positive station.

• Stochastic current negativity might hinder the mission to rise and slow down the bullish wave. However, in general, we will continue to suggest the bullish trend for today unless breaking 88.60$ and holding below it.

The expected trading range for today is between 88.30$ support and 91.20$ resistance.

Trend forecast: Bullish