Gold settles lower in its last trading, to offload its overbought conditions on the relative strength indicators, gaining bullish momentum that might may help it to recover and rise again, affected by positive technical formation on the short-term basis, represented by the double bottom pattern, taking advantage of its trading above EMA50, which represents dynamic support that reinforces the chances of the price recovery in the upcoming near period, if it kept its next support levels.

The EURUSD pair settles on series of losses and the price attempts to look for a higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of bullish corrective wave on the short-term basis, with its trading above EMA50, forming negative divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price move, with the emergence of positive overlapping signals from them.

The GBPAUD price repeatedly provided negative closes below 1.9315, forcing it to delay the bullish trend and begin activating the negative corrective attempts, reaching 1.9210 level in this morning trading.

Note that stochastic exit from the overbought level will increase facing new negative pressures for today, which forces it to renew the corrective attempts, to expect reaching 1.9170 followed by the moving average 55 at 1.9130.

The expected trading range for today is between 1.9170 and 1.9270

Trend forecast: Bearish

Natural gas price confirmed the continuation of the negative scenario by providing new negative closes below $3.520 barrier, fluctuating near $3.160 level, note that the continuation of the attempt to form extra barrier by the moving average level’s stability near $3.320 will confirm the price confinement within the negative path, to keep waiting for targeting the negative stations, which might begin at $2.920 reaching the support level at $2.620.

The expected trading range for today is between $2.920 and $3.300

Trend forecast: Bearish