Gold rose during its recent short-term trading, breaking above the current resistance level of $4,700. The price remains supported by continued trading above EMA50. This latest rise came despite negative signals emerging from the relative strength indicators, as the market attempts to ease its overbought conditions. However, this has not negatively affected price movement as expected, clearly reflecting the strength of the positive momentum surrounding the price.

The EURUSD pair rose in its last intraday trading, with the beginning of positive overlapping signals emergence on the relative strength indicators, after offloading its overbought condition, opening the way for extending the gains in the near upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this path.

The CADCHF kept its negative stability below the barrier at 0.5780, affected by stochastic negativity, forming some bearish waves, to settle below the moving average 55 by reaching 0.5700.

We expect forming a new bearish trend in the current period, to attempt to reach 0.5655 level, to repeat the pressure on the support at 0.5590, to find an exit for resuming the negative trend in the upcoming period trading.

The expected trading range for today is between 0.5650 and 0.5750

Trend forecast: Bearish

Natural gas price provided some sideways trading due to the continuation of the contradiction of the main indicators, to keep its fluctuation near $2.750 level as appears in the above image, reminding you that the bearish scenario will remain valid if the trading settles below $3.200 resistance, which makes us wait for gathering the negative momentum to increase the chances of breaking the support at $2.620, to attempt to reach the extra negative stations near $2.390 and $2.250.

The expected trading range for today is between $2.620 and $2.920

Trend forecast: Sideways