The price of gold settles on a decline in its last intraday trading, amid its attempts to gain bullish momentum that might help it to recover and rise again, offloading its overbought conditions on relative strength indicators, with the continuation of the negative signals emergence until this moment, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the pair’s trading alongside minor bullish trend line on short-term basis.

The price of EURUSD rose in its last intraday trading, due to the stability of 1.1775 support level, gaining some bullish momentum that helped it to achieve these slight gains, attempting to recover some of its previous losses, amid the the continuation of the negative pressure due to its trading below EMA50, under the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path.

coffee price ended the last negative attack by facing key support level at 275.90, which forces it to provide mixed trading by its fluctuation near 287.30 level.

Note that the stability of the current support might motivate the price to form bullish corrective waves, attempting to recover some losses, to targe 302.00 level initially, reaching 317.00, while breaking the previously mentioned support and holding below it will confirm its surrender to the negative scenario, to expect suffering new losses by reaching 264.80.

The expected trading range for today is between 277.00 and 302.00

Trend forecast: Bullish

Despite providing bullish momentum by stochastic, however the fluctuation below the initial barrier at $3.520 level, which pushed it to form new bearish waves, repeating the pressure on the main support at $3.000.

The current support forms detecting key for the main trend in the upcoming trading, to expect its stability to begin forming new bullish waves, motivating it to surpass $3.520 barrier, to record new gains by its rally towards $3.750 and $4.000, while breaking the support and holding below it will force it to suffer big losses, to expect reaching $2.850 and $2.660 initially.

The expected trading range for today is between $3.000 and $3.520

Trend forecast: Bullish