The price of (Gold) declined in its last intraday trading, in attempt to gain positive momentum that might assist it to rise again, and offloading its clear overbought conditions on the (RSI), amid the emergence of the positive overlapping signals, opening the way towards targeting new resistance levels, amid the dominance of the main bullish trend and its trading alongside a bias line that indicates the dominance of this track.
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The price of (EURUSD) extended its gains in its last intraday trading, to succeed in surpassing the negative pressure of the EMA50, under the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive bias line for this track, on the other hand, the (RSI) reached overbought levels, with the emergence of negative overlapping signals from there, which might reduce the gains on the near-term basis.
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The GBPAUD repeated providing positive closes above 23.6%Fibonacci correction level at 2.0510, announcing its readiness to renew the bullish attempts to attack the moving average 55 at 2.0610.
By the above image, we notice stochastic exit from the oversold level, providing strong chance to gain the required positive momentum to surpass the moving average 55, then begin recording the targets by its rally towards 2,0740, while breaking the current support will force it to resume the correctional decline, which forces it to suffer extra losses by reaching 2.0455 and 2.0330.
The expected trading range for today is between 2.0540 and 2.0740
Trend forecast: Bullish
The EURJPY pair remains affected by the stability of the barrier at 173.40, forming a strong obstacle against the attempts to resume the bullish attack in the current trading, to keep preferring the bearish correctional bias, to target 172.20 level reaching the extra support at 171.30.
While facing strong positive pressures and its rally above the barrier will confirm its readiness to resume the bullish attack, to begin recording new gains by reaching 174.20 followed by 1.809%Fibonacci extension level at 175.20.
The expected trading range for today is between 171.85 and 173.40
Trend forecast: Fluctuated within the bullish track