Gold price declined in its recent intraday trading, to remain stable below $3,400, with the emergence of the negative signals on the (RSI), on the other hand, the main bullish trend remains the dominant on a short-term basis, noticing that the (RSI) reaches an exaggerated oversold levels compared by the price movement, which suggests the return of the oversold pressures gradually.

The price of (EURUSD) witnessed mixed trading in its intraday levels, to settle again above 1.1340 resistance, supported by its trading above EMA50, on the other hand, we notice the beginning of the negative signals on the (RSI), after reaching overbought levels, under the domination of bearish correctional wave on the short-term basis.

The GBPAUD was affected by strong negative pressures, forming bearish correctional waves and targeting 23.6%Fiboancci correction level at 2.0505, note that the moving average 55 rally to settle near the initial support at 2.3196 level and stochastic attempt to exit the oversold levels, these are factors will support renewing the bullish attempts in the near and medium period, to expect the price rally to 2.0735 and 2.0870. 

The expected trading range for today is between 2.054 and 1.0730

Trend forecast: Bullish

Natural gas prices still need positive momentum until this moment, forming mixed waves yesterday by suffering temporary losses by hitting the $3.440 level, then bouncing directly to settle near the moving average 55 at $3.600.

Notet that the continuation of forming extra support at $3.280 level will reinforce the chances for activating the bullish attack, to keep waiting for targeting $3.780 level, and surpassing this barrier might extend the trading towards the next target at $3.910 level.

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

Trend forecast: Bullish