The price of (Gold) settled with losses in its last intraday trading, due to the stability of the stubborn resistance at $4,245, attempting to gain bullish momentum that might help it to breach the resistance, leaning on EMA50’s support, which helped it to stop these losses, amid the dominance of the main bullish trend on the short-term basis and its trading alongside minor trend line on the short-term basis.

The price of (EURUSD) rose on its last intraday levels, supported by its trading above EMA50, reinforcing the stability and dominance of the bullish trend on the short-term basis, especially with its trading alongside supportive trendline that supports this track, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching oversold levels, reducing the last gains.

The GBPCHF forced to form some bearish corrective waves after hitting 1.0760 level, affected by stochastic exit from the overbought level, approaching the support level at 1.0655.

Despite the neediness of the bullish momentum, but its stability above the current support makes us prefer forming sideways waves until gathering the required bullish momentum to form new bullish waves, to attempt to reach 1.0720 to extend the trading towards the next main target near 1.0785.

The expected trading range for today is between 1.0665 and 1.0720

Trend forecast: Bullish

Natural gas price remains stable until this moment below the broken support at $4.750 to confirm its surrender to the bearish corrective bias, approaching the initial target at $4.420.

The continuation of providing negative momentum by stochastic forces the price to provide more corrective trading, reaching $4.320 followed by the next support at $4.200 level, while renewing the bullish attempts requires forming strong bullish waves to settle above $4.750. 

The expected trading range for today is between $4.320 and $4.750

Trend forecast: Bearish