Gold is holding onto modest gains in its recent intraday trading, supported by its rebound from EMA50, which continues to provide renewed positive momentum. This comes alongside emerging positive signals from the relative strength indicators, after the price managed to ease its overbought conditions, on the other hand, the price is affected by surpassing ascending corrective price channel that had been guiding its short-term movement, keeping negative pressure in place and potentially impacting upcoming price action.

The Boeing Company (BA) stock price recorded a decline in its latest intraday trading, after coming into contact with resistance at its 50-day SMA. This occurs amid the dominance of a short-term corrective bearish wave, with a negative divergence beginning to form in the Stochastic indicator after reaching extremely overbought levels that are exaggerated relative to price action, as negative signals start to emerge.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $228.95 remains intact, targeting the support level at $202.30.

Today’s price forecast: Bearish

The (EURUSD) rose in its latest intraday trading, in attempt to close this price bearish gap that made in the beginning of this week trading, this rise comes with the relative strength indicators reaching exaggerated oversold levels compared to the pair move, which didn’t affect its last move in a strong positive signals, especially with the emergence of positive overlapping signals, especially with the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, on the other hand, the price is affected by negative technical formation that is formed on the intraday basis (rising wedge pattern).

Coffee price continued to face negative pressure, providing new positive close above the support level at 275.90, attempting to use stochastic positivity by its rally towards 300.00.

Gathering extra positive momentum is important to ease the mission of holding above 300.00, to attempt to target the barrier at 208.40, where surpassing it will open the way for forming new bullish waves, to target 317.50 and 325.00 level.

The expected trading range for today is between 295.00 and 308.40

Trend forecast: Bullish