Gold price settles lower during its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, leaning on EMA50’s support, keeping its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish corrective trend on short-term basis, reinforcing the chances of its recovery in the upcoming near period.

The EURUSD pair rose in its recent intraday trading, leaning on EMA50, gaining some bullish momentum that helped it to achieve these gains, after its decline in the last intraday trading due to the stability of 1.1790 resistance, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals, amid the dominance of the bullish corrective bullish trend on short-term basis.

The GBPAUD remains affected by the negative factors that are represented by the continuation of forming main resistance at 1.9545 level, besides the unionism of providing negative momentum by the main indicators, to notice resuming the negative movement to settle near 1.8860.

Forming extra barrier at 1.9090 level and providing negative momentum will reinforce the chances of resuming the bearish trend, to reach 1.8745 level, to repeat the pressure at 1.8675.

The expected trading range for today is between 1.8745 and 1.8900

Trend forecast: Bearish 

Natural gas price provided more of the sideways trading due to the contradiction of the main indicators’ negativity against holding above $2.620 support, however the main stability below the initial resistance at $3.150 makes us keep the negative scenario, to break $2.620 level, targeting extra negative stations by reaching $2.390 and $2.250.

While regaining the bullish track requires forming strong bullish waves, to settle above %23.6 Fibonacci correction level at $3.510.

The expected trading range for today is between $2.390 and $2.820

Trend forecast: Bearish