The price of (Gold) settled bullishly in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to surpass the negative pressure of the EMA50, announcing its recovery and targeting its historical resistance, amid the dominance of the main bullish trend on the short-term basis.
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The price of (EURUSD) continued its decline in its last intraday trading, affected by breaking minor bullish bias line on the intraday levels, to surpass the support of its EMA50, intensifies the negative pressure around it, noticing the emergence of the negative signals on the relative strength indicators, after offloading some of its oversold levels, opening the way for recording more of the downside moves.
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The EURGBP ended its last correctional trading by testing the support at 0.8630, then begin activating with the main indicators’ positivity, to notice surpassing the barrier at 0.8685, to begin recording new gains by reaching 0.8720.
The continuation of the positive momentum by stochastic fluctuation near 80 level will increase the efficiency of the bullish track, to expect targeting extra positive stations by its rally near 0.8750 and 0.8780.
The expected trading range for today is between 0.8690 and 0.8750
Trend forecast: Bullish
Natural gas price succeeded in gathering the negative momentum, which allows it to settle below the main resistance at $3.240, to notice forming bearish waves and holding near the initial target at $2.940.
The continuation of the negative pressure will provide strong chance for forming new bearish moves, to expect attacking the barrier of $2.820, then attempts to reach the support near $2.620, to form the main target of the near period trading.
The expected trading range for today is between $2.820 and $3.000
Trend forecast: Bearish