Gold continues its series of losses during its latest intraday trading sessions, reaching the $4,100 support level, which had been one of our previously projected downside targets.

The metal remains under negative pressure as it continues to trade below EMA50, reinforcing the stability and dominance of the primary short-term bearish trend. In addition, negative signals from the relative strength indicators continue to support the bearish trend.

The EURUSD pair extended its losses during its latest intraday trading, confirming a break below the 1.1430 support level. The pair remains under pressure from the prevailing short-term bearish trend, with negative momentum continuing as prices trade below EMA50, despite the relative strength indicators remaining deeply oversold, a condition that has so far failed to trigger any meaningful rebound, highlighting the strong dominance of sellers in the market.

The CHFJPY pair maintained its negative stability below the current resistance level represented by 200.65, strengthening the effectiveness of the previously suggested bearish path. The pair is currently trading near the 199.75 level.

We note that the positioning of the 55-period moving average above the current trades, along with the Stochastic indicator attempting to move toward the oversold zone, will increase the chances of the price gathering negative momentum. This would facilitate the move toward bearish targets, which may begin at 198.80 and then 198.10 respectively.

The expected trading range for today is between 198.80 and 200.10

Trend forecast: Bearish

Natural gas price remains positioned below the 55-period moving average, fluctuating repeatedly near the $3.250 level, confirming its continued adherence to the bearish scenario, which is based on the stability of resistance at $3.520.

We emphasize the importance of the price gathering negative momentum at the current levels, which would allow it to form further bearish waves and target the $3.050 and $2.920 levels respectively in the near term. However, a breakout above the resistance level and stability above it would confirm a shift toward the bullish path, allowing the price to begin recording further gains with an initial target at $3.710.

The expected trading range for today is between $3.050 and $3.350

Trend forecast: Bearish