The price of gold declined in its last intraday trading, with the continuation of the negative pressures due to its trading below EMA50, which represents dynamic resistance that obstructed the recovery attempts in the last period, accompanied by breaking bullish trend line on short-term basis, reinforcing the negative overview, on the other hand, we notice the emergence of some positive signals from relative strength indicators, which limited the last losses and prevented recording deeper downside moves.

The price of EURUSD is experiencing fluctuating trading on its last intraday levels, amid the emergence of the negative signals from relative strength indicators, after reaching overbought levels, with the continuation of the negative pressure due to its trading below EMA50, confirming the dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this path.

Platinum price ended its last corrective attempts by reaching $2220.00 level, to rebound quickly towards $2180.00, keeping its negative stability below $2245.00 level besides forming %61.8 Fibonacci correction level at $2200.00 level as appears in the above image.

The stability of moving average 55 above the current trading will increase the negative pressure, to reinforce the chances of resuming the negative attack, to expect targeting $2130.00 level reaching $2080.00 level.

The expected trading range for today is between $2080.00 and $2200.00

Trend forecast: Bearish

No change on copper price’s bearish corrective track until this moment due to the negative stability below $5.9700 level, increasing the chances of forming bearish waves, attempting to reach the negative stations at $5.6200 and $5.5100.

Breaching the barrier and holding above it will open the way for recording new gains, to expect forming the initial target at $6.1200 level, reaching the resistance at $6.2600.

The expected trading range for today is between $5.5100 and $5.8500

Trend forecast: Bearish