Gold price declined in its last intraday trading, affected by breaking a minor bullish trendline on the short-term basis, with the continuation of the negative pressure that come from its trading below the EMA50, and the pair’s decline came after it succeeded in its previous trading to offload some of its oversold conditions by the (RSI), noticing the beginning of negative overlapping signals that might reinforce the negative scenario.

The EURUSD declined in its intraday levels, amid the domination of a bearish correctional wave and its continuous trading below its EMA50, besides the beginning of the negative signals appearance on the (RSI), after reaching overbought levels.

The CHFJPY provided several positive closes by its stability above the breached bearish channel’s resistance, which represents an important support at 172.35, noticing by the above image, achieving some gains by its stability near 173.35.

The unionism of the main indicators by providing positive momentum, specifically by stochastic exit the oversold level, which will increase the efficiency of the bullish track, to keep waiting for targeting 174.10 level, then attempts to press on the barrier at 174.55 level.

The expected trading range for today is between 172.85 and 174.10

Trend forecast: Bullish

Despite the effect of the sideways range trading on the Natural gas price in the recent period due to the continuation of the contradiction between the main indicators, but its stability above the support at $2.960 level represents a main factor for motivating the domination of the suggested bullish bias.

The price began forming some bullish waves, to keep waiting for reaching the initial target at $3.360, and surpassing it will lead to resume the rise to target the moving average 55 near $3.600.

The expected trading range for today is between $3.050 and $3.360

Trend forecast: Bullish