The price of (Gold) fluctuated in its last intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, attempting to gain the required positive momentum to help it surpass the negative pressure, supported by offloading its clear overbought conditions on the (RSI), opening the way for achieving more of the gains without negative obstacles, amid its trading alongside a minor bullish trend line on the short-term basis.
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The price of (EURUSD) began to recover in its last intraday trading, after it succeeded in its early move to gain positive momentum that help it to keep the dominance minor bullish wave on the short-term basis, especially with its trading alongside a supportive bias line for this track, and it succeeded in offloading its overbought condition that was clear on the (RSI), leaning on the support level at 1.1670, gaining the positive momentum amid the continuation of the positive support due to its trading above EMA50, reinforcing this reinforcing this positive scenario.
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The EURCAD repeatedly provided positive closes above the bullish channel’s support at 1.5910 level, which allows it to face stochastic negativity and form a positive rally, attacking the barrier at 1.6125.
The stability of the price within the bullish track makes us prefer surpassing the current barrier to ease the mission of resuming the bullish attack, and achieving several gains that might begin at 1.6210 reaching 100%Fibonacci extension level near 1.6350.
The expected trading range for today is between 1.6050 and 1.6210
Trend forecast: Bullish
Natural gas price touched $2.792 level, to move away from the neckline of the head and shoulders at $3.050, confirming its surrender to the previously suggested bearish scenario.
Note that the continuation of providing negative momentum by the main indicators will provide a chance for breaking $2.720, to begin forming new bearish waves, to expect reaching $2.480 followed by the next support at $2.390, which forms the waited main target in the current period trading.
The expected trading range for today is between $2.480 and $2.950
Trend forecast: Bearish