After gold price reach to our target that we suggested in our last technical report at $3,290, to lean on the support of its EMA50, which provided positive momentum that helped it to bounce higher in its last intraday trading, amid the domination of the main bullish trend on the short term basis, and the beginning of forming positive divergence on the (RSI), after reaching oversold levels, exaggeratedly compared with the price current move and the beginning of the positive signals appearance.

The EURUSD price rose in its last intraday trading, supported by its stability at the support of EMA50, besides the emergence of the positive signals from the (RSI), after reaching oversold levels, but the price remains stable below 1.1475 level, affected by the negative rising wedge pattern.

The CADCHF lost its positive momentum by stochastic exit from the overbought, to end the bullish rally by hitting 1.8520 level, to form a temporary correctional rebound, to settle near 1.8410.

By the above image, we notice the price stability within the main bullish channel’s levels, and 23.6%Fibonacci correction level forms a strong support at 1.8220, which makes us wait for gathering the positive momentum, to activate the bullish rally again by reaching 1.8460, repeating the pressure on the obstacle at 1.8520, in order to find an exit to achieve extra gains in the upcoming period.

The expected trading range for today is between 1.8355 and 1.8460

Trend forecast: Bullish

Despite the weakness in the Natural gas price’s last trading, that comes from the continuation of the main indicator’s contradiction, but its positive stability above the support level at $2.960 supports the continuation of the suggested positivity, to keep waiting for recording several targets by reaching $3.360 and $3.580

While the price decline below the current support and providing negative close, will confirm its surrender to the bearish track, which forces it to suffer new losses by reaching $2.750.

The expected trading range for today is between $3.100 and $3.360

Trend forecast: Bullish