The price of gold declined in its last intraday trading, approaching the threshold of historical resistance at $5,000, witnessing natural profit-taking wave after its consecutive gains previously, and attempts to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of the negative signals from there, gathering its bullish momentum that might help it to resume its gains and record new all-time highs, amid the dominance of the main bullish trend on short-term basis.

The price of EURUSD declined in its last intraday trading, due to the stability of the key resistance at 1.1755, to gather the gains of its last rises, attempting to gain bullish momentum that might help it to breach this resistance, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the dominance of the bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near period.

The CHFJPY succeeded in resuming the bullish trend, taking advantage of its repeated stability within the bullish channel’s levels that appears in the above image, to surpass 198.80 then targeting new historical stations by reaching 200.90 directly.

The continuation of providing bullish momentum will provide a chance for resuming the bullish attack in the near period, to expect reaching 202.15 level to form initial extra target in the current trading, where surpassing it will push the price to reach the bullish channel’s resistance at 206.65.

The expected trading range for today is between 199.35 and 2202.15

Trend forecast: Bullish

Natural gas price reached $5.660 level yesterday, however its failure to settle above $5.500 barrier pushed it to delay the bullish track and activate the attempts of profit taking, reaching $4.7500.

The price might be forced to provide sideways trading to confirm the importance of its stability above $4.550 level, to provide new opportunities for forming bullish waves to target $5.180 level, then repeating the pressure on $5.500 barrier.

The expected trading range for today is between $4.550 and $5.180

Trend forecast: Bullish