Gold declined in its last intraday trading, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, leaning on EMA50’s support, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path.
The EURUSD pair declined in its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, erasing its early losses for today, leaning on EMA50’s support, resuming its attempts to gain the required bullish momentum for its recovery, amid the dominance of the bullish corrective trend on the short-term basis, with its trading within price channel range.
The GBPAUD’s price kept its last trading by its positive stability above the extra support at 1.9215, forming several bullish waves, to press on the bullish channel’s resistance at 1.9340.
Providing positive momentum by the main indicators makes us wait for breaching the current resistance, to confirm its move to a new bullish wave, to begin recording new gains by reaching 1.9390 and 1.9450.
The expected trading range for today is between 1.9290 and 19390
Trend forecast: Bullish
Natural gas prices began to activate with negative factors by their stability below the moving average 55, approaching the initial negative target at $2.920.
Providing main indicators and the stability of the extra barrier at $3.350 will increase the chances of resuming the negative trend, to expect reaching $2.830, to attempt to press on the support at $2.620.
The expected trading range for today is between $2.830 and $3,200
Trend forecast: Bearish