The price of gold kept rising in its last intraday trading, achieving new all-time highs, affected by breaching $5,200 resistance, amid the dominance of the main bullish trend on short-term basis, with its trading alongside minor bullish trend line, besides the emergence of positive signals from relative strength indicators, despite reaching overbought levels, which might reduce the upside track temporarily in the upcoming period.
The price of EURUSD fluctuated on its last intraday levels, to gain bullish momentum to help it recover and rise again, attempting to offload its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of the positive support that comes from its trading above EMA50, under the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line.
The EURCHF suffered strong bearish pressures, which forces it to provide new bearish trading, breaking 0.9230 support, which forces it to suffer new losses by reaching 0.9165.
Note that the stability of the moving average 55 above the current trading confirms the trading confinement within the negative track, besides stochastic attempt to reach the oversold level will increase the negative pressures on the current trading, to expect suffering extra losses by reaching 0.9110 and 0.9075.
The expected trading range for today is between 0.9110 and 0.9210
Trend forecast: Bearish
Natural gas price repeatedly provided negative close below the broken support at $4.100 level, forming a new resistance against the current trading, and stochastic attempt to provide negative momentum by reaching below 50 level will force the price to form new bearish waves, reaching $3.450 and surpassing it might force it to decline towards $3.220, to test high liquidity grab zones.
While the rally above $4.100 and providing bullish close will increase the chances of forming new bullish waves, to attempt to reach $3.370 initially, then waiting for targeting %38.2 Fibonacci correction level near $4.750.
The expected trading range for today is between $3.450 and $4.100
Trend forecast: Bearish