Gold price shows more bullish rally to breach the bearish channel’s resistance, to hint heading to start bullish correction that targets visiting 1686.40 level initially, noting that closing the daily candlestick above 1656.00 will confirm the continuation of the bullish bias in the upcoming sessions.

The EURUSD pair rallied upwards strongly to breach 0.9700 level and attempts to hold above it, to head towards starting correctional bullish wave on the intraday basis, noting that closing the daily candlestick above the mentioned level will push the price towards 0.9790 as a next positive station, while breaking 0.9700 and trading below it again will press on the price to resume the bearish trend again.

Crude oil price traded with strong positivity to attack 79.35 level, which hints heading to attempt to recover and start intraday bullish wave, to monitor the price behavior according to the mentioned level, as breaching it will push the price to achieve additional gains that start at 80.90 and extend to 83.10, while holding below it will push the price to resume the main bearish wave again.

Gold price rallies upwards strongly to reach the bearish channel’s resistance, which urges caution from the upcoming trading, as continuing the rise and breaching this resistance will stop the recently suggested negative scenario and lead the price to start correctional bullish wave on the intraday basis, its targets begin by visiting 1686.40 areas, while consolidating below 1656.00 will push the price to resume the main bearish trend that its next target located at 1605.00.