Gold price broke 2500.00$ level strongly and declined to reach the thresholds of 2483.40$ level, and we need to monitor the upcoming trades especially according to the mentioned levels, as breaking the last level will put the price under additional negative pressure to suffer new losses that extend to 2445.00$, while trading above 2500.00$ will push the price to recover again and achieve gains that start by visiting 2540.00$.

Gold price faces strong negative pressure to test the key support 2500.00$, and as we mentioned today, holding above this level keeps the bullish trend scenario active, noting that breaking it will put the price under additional negative pressure that targets testing 2483.40$ as a next negative station.

The EURUSD price trades with clear negativity to break 1.1100$ level and attempts to hold below it, which urges caution from the upcoming trading, as the price hints potential return to the correctional bearish track, noting that the continuation of the decline and breaking 1.1040$ will confirm the continuation of the bearish trend domination and head to 1.0990$ as a next negative target, while trading above 1.1100$ again will reactivate the bullish wave that its next target located at 1.1200$.

Ethereum price (ETHUSD) resumes its negative trading to approach 2300.00$ barrier, which supports the expectations of continuing the bearish trend for the rest of the day, reminding you that we are waiting to visit 2168.74$ that represents our next main target, noting that the continuation of the bearish wave requires holding below 2463.00$ as a first condition to achieve the suggested targets.

The expected trading range for today is between 2260.00$ support and 2500.00$ resistance.

Trend forecast: Bearish