Gold price settles with series of consecutive losses on its recent intraday levels, attempting to look for higher low to use it as a base that might support gaining the required positive momentum for its recovery, leaning on EMA50’s support, reinforcing the chances of gaining this momentum, affected by breaching minor bearish trend line on the short-term basis, with the relative strength indicators reaching oversold levels exaggeratedly compared to the price move, to suggest begin forming positive divergence by the emergence of positive overlapping signals from them.

The EURUSD pair is fluctuating in its recent intraday trading, amid the continuation of the stubborn resistance stability at 1.1660, attempting to gain bullish momentum that might help it breach this resistance, and it offloaded its overbought conditions on the relative strength indicators, opening the way for achieving new gains in the upcoming near period, especially with the continuation of the positive and dynamic support that is represented by its trading above EMA50, which represents a base that decreases the possibilities of the price decline.

The EURNZD confirmed its surrender to the bearish trend dominance by providing a new negative close below 1.9795 level, affected by providing negative momentum by the main indicators, to suffer clear losses by reaching 1.9640.

Providing negative momentum by stochastic makes us expect forming extra barrier at 1.9680 level, and providing negative trading to target 1.9440 level reaching the next support at 1.9340 level.

The expected trading range for today is between 1.9440 and 1.9565

Trend forecast: Bearish

Natural gas price kept its positive stability above $3.150 level, to confirm the continuation of the previously suggested bullish scenario, to renew the positive pressures on the moving average 55 at $3.350.

Note that stochastic stability within the overbought level will provide new positive momentum to ease the mission of surpassing the current obstacle and begin to record extra gains that might begin at $3.520 and $3.680.

The expected trading range for today is between $3.200 and $3.520

Trend forecast: Bullish