Gold declined during recent intraday trading, affected by the firmness of the key resistance level at $4,800. The price is taking profits from previous gains and attempting to build positive momentum that may help it break through this resistance. At the same time, it is trying to ease its clear overbought condition shown by the relative strength indicators, especially with the beginning of a negative crossover appearing on it.

This comes while a short-term corrective upward trend still dominates, along with continued dynamic support as the price trades above EMA50, which enhances the chances of a rebound in the near term.

The (EURUSD) is experiencing fluctuating move in its latest intraday levels, attempting to gather the gains of its previous rises, and attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, to gather its positive strength that might help it to resume its early gains for today, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on short-term basis.

The GBPAUD ended the last bullish corrective rally by providing negative close below the 1.9525 level, affected by the negativity of the main indicators by forming new bearish waves, to settle near 1.8985.

Forming extra barrier at 1.9090 level and the continuation of providing negative momentum by the main indicators makes us expect continue providing negative trading, to attempt to reach 1.8840, to repeat the pressure on the support level near 1.8670.

The expected trading range for today is between 1.8840 and 1.9050

Trend forecast: Bearish

Natural gas price continued forming a new bearish movement, to confirm its surrender to the previously suggested bearish scenario, to settle near $2.750.

The negative stability below the extra barrier at $3.150 by stochastic reach the oversold level will increase the negative pressure for today’s trading, to keep waiting for reaching the extra support at $2.620, where breaking it will open the way for targeting new bearish stations that might begin at $2.390 and $2.250.

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

Trend forecast: Bearish