The price of gold returned to the upside on its recent intraday trading, amid the dominance of the main bullish trend on the short-term basis, and the continuation of the positive support that was caused by its trading above its EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching the overbought levels, which might decrease the gains in the upcoming trading.

The price of (EURUSD) rose on its recent intraday trading, attempting to offload some of its clear oversold levels on the (RSI), especially with the emergence of the positive signals, to retest the key resistance at 1.1340, accompanied with its reach to the resistance of EMA50, amid the dominance of a bearish correctional wave on the short- term basis.

The CADJPY provided new negative closes by its stability below the bearish channel’s resistance at 104.90, forming some bearish waves, to notice its fluctuation near 104.00, note that the stability of the moving average 55 above the current resistance and if stochastic exits the overbought level, these factors assist to confirm the negative scenario, to expect attacking the initial support at 103.45, and breaking it will extend the losses towards the next target at 102.90.

The expected trading range for today is between 103.45 and 104.40

Trend forecast: Bearish

Natural gas price is forced to form mixed trading after recording the $3.760 level, to notice its fluctuation near the moving average 55, which attempts to reinforce the extra support at $3.600 level.

The sideways range trading might continue for today, until gathering the positive momentum, which allows it to form new bullish waves to target $3.910 level, then press on the extra barrier near $4.020.

The expected trading range for today is between $3.550 and $3.910

Trend forecast: Bullish