The price of gold settles in key area to detect its upcoming trend, leaning on EMA50’s support, accompanied by its stability of minor bullish trend line on short-term basis, to attempt to breach the psychological and key resistance at $5,000, which will detect the upcoming trend if the price manages to breach it, after offloading the overbought conditions on relative strength indicators, opening the way for achieving strong gains on a near-term.

The price of EURUSD continued its sideways trading in limited range on its last intraday trading, waiting for a new bullish momentum that might help it to recover and rise again, to remain leaning on EMA50’s support, which reinforces achieving the bullish scenario amid the dominance of the main bullish trend on short-term basis, with its trading alongside trend line, on the other hand, we notice the emergence of negative signals from relative strength indicators, which helped the pair in this weak performance.

The EURCHF continued to form bearish waves in the last period, to reach the second target at 0.9075 which represents %78.2 Fibonacci extension level.

The main indicators contradiction might push the price to provide mixed trading, however the negative stability below 0.9215 level and the stability of the moving average 55 above the current trading, these factors make us keep the negative scenario, which might target 0.8975 level reaching towards 0.8860.

The expected trading range for today is between 0.9030 and 0.9155

Trend forecast: Bearish

The neediness of Natural gas price to the bullish momentum led it to provide weak sideways trading, keeping its fluctuation near the main support at $3.000, gathering bullish momentum is important to allow it to begin forming bullish waves, expecting to reach $3.400 and $3.750.

While facing new bearish pressure and reaching below the main support will confirm its move to a new bearish phase, which forces it to suffer several losses by reaching $2.850 and $2.660.

The expected trading range for today is between $2.950 and $3.450

Trend forecast: Bearish