Gold witnessed slight gains in its recent intraday trading, affected by the continued positive dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis, after its attempts to gain bullish momentum that might help it to recover and rise again. The relative strength indicators reached the oversold levels with the emergence of positive overlapping signals that indicate a potential return to the upside.

The EURUSD pair rose in its last intraday trading, reaching 1.1790 resistance, supported by its continued trading above EMA50, with the dominance of the short- term main bullish trend, with its trading alongside supportive trend line for this path, after offloading its overbought conditions on the relative strength indicators, opening the way for extending these gains in the upcoming near period.

The GBPAUD remains affected by the dominance of the bearish trend, to notice providing new negative closes below the extra barrier at 1.8930 level, to suffer some extra losses by reaching 1.8750.

Note that providing negative momentum by the main indicators will increase the chances of reaching 1.8670 support, where breaking it will confirm its move to a new negative station, reaching 1.8590 and 1.8510.

The expected trading range for today is between 1.8670 and 1.8830

Trend forecast: Bearish

Natural gas price continued providing weak sideways trading due to the contradiction of the main indicators, to keep delaying the negative trend due to the stability above the extra support at $2.620.

Stochastic surpass to 50 level might push the price to form some temporary bullish waves, attempting to reach $3.000 level, to retest $3.200, while breaking the previously mentioned support and holding below it will force it to suffer extra losses by reaching $2.390 followed by the next main target at $2.250.

The expected trading range for today is between $2.700 and $2.950

Trend forecast: Fluctuating