The price of (Gold) rose in its last intraday trading, amid its trading within bearish correctional channel’s range on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, attempting to recover some of its previous losses, at the same time it succeeded in offloading its clear oversold conditions on the (RSI), with the emergence of the positive signals and reaching exaggerated overbought levels compared by the price move.
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The price of (EURUSD) rose in its last intraday trading, attempting to recover some of its previous losses, besides its attempt to offload the clear oversold conditions on the (RSI), especially with the emergence of the positive signals, retesting the key resistance level at 1.650, accompanied by hitting the resistance of its EMA50, which puts the price under negative pressure that led it to reduce these gains, amid its affection by breaking a minor bullish bias previously on the short-term basis.
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The GBPAUD succeeded in providing repeated positive closes above the support at 2.0780 level, which allows it to confirm the bullish track to rally towards 2.0944, note that the attempt to form an extra support at 2.0850 level will increase the efficiency of the bullish track, to expect resuming the bullish attack and targeting 2.0970 level reaching the next main target near 2.1025.
Note that stochastic attempt to exit from the overbought level that might force the price to form some sideways fluctuated moves until gathering the required extra positive momentum, to reach the suggested positive stations.
The expected trading range for today is between 2.0870 and 2.0790
Trend forecast: Bullish
Natural gas price formed new bearish wave yesterday, moving away from the neckline of the negative pattern at $3.050, to notice its stability near $2.760.
The main indicators unionism by providing negative momentum confirms the price surrender to the dominance of the bearish track, to keep waiting for reaching extra stations at $2.610 and $2.390 level.
The expected trading range for today is between $2.610 and $2.850
Trend forecast: Bearish