The price of (gold) witnessed fluctuated trading on its last intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on its trading alongside minor trend line on the short-term basis, with a positive divergence on the relative strength indicators, after reaching oversold level and the emergence of the positive signals.
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The price of (EURUSD) declined in its last intraday trading, erasing its early gains amid its attempts to look for higher low to take it as a base that might help it to gain the positive momentum to rise again, amid the dominance of bullish corrective wave on the short-term basis, by continued positive pressure due to its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
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The CADCHF formed some negative corrective trading by targeting 0.9055 level, keeping its stability above %50 Fibonacci corrective level that is represented by 0.9025 level, to confirm the continuation of the bullish scenario.
The stability of the moving average 55 near the support at 0.9025 confirms the price confinement within the bullish track, forming bullish rally to target 0.9175 level reaching the next target at 0.9250 level.
The expected trading range for today is between 0.9070 and 0.9175
Trend forecast: Bullish
Natural gas price began this morning with bullish price gap, approaching from the moving average of 55 at $3.210.
Reminding you that the bearish scenario will remain valid if the trading settles below the main resistance at $3.350 mainly, therefore, we will keep waiting for gathering the negative momentum, which allows it to renew the pressure on $3.050 level, attempting to resume the bearish attack by targeting $2.820 level.
The expected trading range for today is between $3.050 and $3.250
Trend forecast: Bearish