The price of gold fluctuated on its last intraday levels, amid the stability of the key and psychological resistance at $5,000, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the importance of this area to detect the upcoming track on short-term basis, with offloading its overbought conditions on relative strength indicators without affecting the performance of the price, which represents clear indicators for its bullish momentum.

The price of EURUSD declined in its last intraday trading, and it attempted to offload its oversold conditions on relative strength indicators, however the selling pressure is stronger, with the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line, with the continuation of the negative pressure, due to its trading below EMA50, reducing the chances of near-term recovery.

The CHFJPY benefited by the repeated stability above the bullish channel’s support at 198.05 level, activating the bullish attack, to record several gains by reaching 200.85 attempting to settle above %50 Fibonacci correction level.

Providing bullish momentum by the main indicators will support our bullish expectation, to keep waiting for the price to reach $61.8Fibonacci correction level at 201.30, which might form an important obstacle against the bullish attempts, to push the price to provide mixed trading before breaching this barrier.

The expected trading range for today is between 199.85 and 201.30

Trend forecast: Bullish

Natural gas prices remained stable until this moment above the main support at $3.000 level, attempting to surpass the negativity of the main indicators, to reduce the chances for moving to the negative trend in the current period trading.

We should confirm that gathering bullish momentum is important to begin forming bullish waves, to attempt to reach $3.420 initially, then attacking the moving average 55 near $3.750, while breaking the support and holding below it will force it to suffer big losses by reaching $2.850 and $2.660.

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

Trend forecast: Bullish