The price of (Gold) rose in its last intraday trading, after it declined in its early trading in a sudden and quick move, to lean on the support of its EMA50, providing a base that make it gain a positive momentum that assisted it to bounce higher on the short-term basis and its trading alongside a bias line, on the other hand, we notice the reach of the (RSI) to overbought levels, with the beginning of negative overlapping signals appearance, which might cause some fluctuation and delays the rise unless offloading this overbought conditions.

The price of (EURUSD) extended its gains in its recent intraday levels, breaching our morning target at the resistance level of 1.1550, reinforcing the strength of the bullish trend on the short-term basis, supported by the pair’s move alongside a bullish bias line, and its stability above EMA50.

This rise came despite entering the overbought levels by the (RSI), which shows the supported strong momentum for the bullish track, you should be aware of the possibility of the emergence of short-term basis correctional waves if the pair failed to keep the stability above the breached resistance.

Therefore, our expectations suggest the continuation of the (EURUSD) price’s rise in its upcoming intraday trading, especially when it settles above 1.1550, to target the initial resistance at 1.1650.

Expected trading range for today: Between the support at 1.1530 and resistance at 1.1650

Today’s forecast: bullish

The EURGBP succeeded in gathering the positive momentum by its stability above the support at 0.8375, surpassing the moving average 55 and achieving clear gains by its stability near 0.8480.

Stochastic approach from 80 level will increase the positive pressures on the trading, to keep waiting for our bullish expectation, to target 0.8505 level reaching 38.2%Fibonacci correction level at 0.8530 which forms a main key for detecting the main trend in the upcoming trading.

The expected trading range for today is between 0.8460 and 0.8530

Trend forecast: Bullish

Natural gas price reached the next negative target at $3.450, which represents a neckline for the double top pattern, which forces it to provide some sideways trading by its rebound towards $3.550.

Note that the continuation of providing negative momentum by the main indicators will increase the negative pressures on the current trading, to keep waiting for breaking $3.450 level, reinforcing the chances for reaching extra negative stations near $3.290 and $3.100.

The expected trading range for today is between $3.290 and $3.600

Trend forecast: Bearish