The price of gold rose in its last intraday trading, taking advantage of its continuous trading above EMA50, with its trading alongside minor bullish trend line on short-term basis, reinforcing the chances of the positive scenario continuation, especially with the stability above 5,300 resistance, noticing the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought level, which reduces the last gains, due to its neediness to offload its overbought conditions.

The price of EURUSD settles on sharp decline on its last intraday levels, after reaching our morning expected target at 1.1710 support, to rebounce higher in attempt to recover some of its losses, affected by negative technical formation that complete the bearish corrective trend on short-term basis (symmetrical triangle pattern), with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure.

Coffee price kept its stability above 275.80 support until this moment, attempting to find a chance to reduce the losses, farming sideways waves by its fluctuation near 280.00 level.

The price needs new bullish momentum, reinforcing the chances of beginning recovering the losses, to expect its rally towards 293.50 directly, to press on the barrier at 301.00, while the decline below the current support will confirm the continuation of the negativity in the upcoming trading, expecting the next negative target at 264.80 level.

The expected trading range for today is between 275.00 and 293.50

Trend forecast: Bullish

The EURJPY pair surpassed the negative pressures in the last trading, to settle positively above 50%Fibonacci correction level at 183.40, which allows it to activate the bullish attempts since morning, and recording some gains by its stability near 184.80.

Providing positive momentum by the main indicators supports the bullish scenario again, to expect the trading rally towards 184.85, surpassing this barrier will extend the trading towards 185.45 resistance, which represents a key for detecting the main trend in the futuristic trading.

The expected trading range for today is between 183.60 and 185.45

Trend forecast: Bullish