The price of gold reinforced is gains in its last intraday trading, supported by the emergence of positive signals from the relative strength indicators, to retest $5,200 resistance, accompanied by reaching EMA50, forming key technical barrier that might limit the continuation of the rise, affected by breaking minor bullish trend line on short-term basis, keeping the technical overview cautious, and making any current gain vulnerable to negative rebound, unless it breaches that resistance and holds above it.

The price of EURUSD rose in its last intraday trading, supported by the emergence of the positive signals from relative strength indicators, in attempt to correct the main bearish trend on short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearihs trend, and the relative strength indicators reached exaggerated overbought levels, indicating a quick fading for the bullish momentum.

EURCHF kept its negative track, despite the contradiction of the main indicators, to settle below the extra barrier at 0.9140 and targeting some extra negative stations by reaching 0.9025 level.

Providing negative momentum by stochastic will increase the efficiency of the bearish track, to keep our expectations by reaching 0.8980 level, which forms the next main target in the current trading.

The expected trading range for today is between 0.8990 and 0.9110

Trend forecast: Bearish

The EURJPY pair formed several bearish waves, affected by the stability below 184.85 barrier, activating with the main indicators’ negativity, achieving the previously suggested targets by reaching 182.05 level, which keeps forming an obstacle against the negative trading.

The last intraday positive rebound doesn’t threaten changing the negative track, to keep waiting for extra negative momentum to gather, to ease the mission of breaking 182.05 level and holding below it to confirm its readiness to target new bearish stations that might begin at 181.55 and 181.10.

The expected trading range for today is between 181.55 and 183.20

Trend forecast: Bearish