The price of (Gold) declined in its recent intraday trading, due to the stability of the current resistance at $3,350, amid the absence of trading volume due to holidays in the united states, which makes the price attempt to offload some of its clear overbought condition on the (RSI), especially with the emergence of the negative signals from there, with its trading alongside a minor bullish trend line on the short-term basis.
The price of (EURUSD) declined in its recent intraday trading, to gather the gains of its last rises, and attempts to gain a positive momentum that might assist it to rise again, and attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals appearance, amid its trading alongside a minor bullish trend line on the short-term basis.
The NZDCAD succeeded in keeping its positive stability within the bullish channel’s levels by its stability above the support at 0.8180, to begin forming the bullish waves and achieving some of the gains by reaching 0.8260.
The current positive stability above the moving average 55 and stochastic attempt to provide positive momentum will increase the efficiency of the bullish track, to expect targeting 0.8290 reaching 0.8335 level.
The expected trading range for today is between 0.8200 and 0.82900
Trend forecast: Bullish
Natural gas price repeated forming weak sideways trading by its fluctuation near $3.720, which forced it to delay the bullish rally by the continuation of forming extra barrier at $3.850 level against the current trading.
Note that the stability of the moving average55 near the initial support at $3.600, and the continuation of stochastic fluctuations near 80 level, these positive factors make us wait for breaching the barrier to open the way for recording new gains that might extend to $3.950 and $4.150.
The expected trading range for today is between $3.650 and $3.950
Trend forecast: Bullish