Due to low liquidity in global markets that comes from the Independence Day holiday in the United States, the same technical outlook from the morning analysis remains valid.

Calm moves in (Gold) price in its last intraday trading, settled above the support level of $3,330, taking advantage of the positive pressure that comes from its trading above EMA50, amid its affection by its exit for bearish correctional channel’s range that limited its previous trading on the short-term basis, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

Due to low liquidity in global markets that comes from the Independence Day holiday in the United States, the same technical outlook from the morning analysis remains valid.

The CADCHF continued the negative attack by its last trading, to achieve the previously waited target at 0.5785 level to represent a strong support due to the stability of 100% Fibonacci extended level near it.

All that besides the stability of the support level make us expect activating the attempts of reducing the losses by forming several bullish correctional waves, to target 0.5910 level reaching 0.5965 level.

The expected trading range for today is between 0.5810 and 0.5910

Trend forecast: Bullish

Despite the continuation of the negative pressure on the Natural gas price that comes from stochastic fluctuation near 20 level, besides the stability of the moving average 55 above , its fluctuation near the support base of $3.450 assists to reduce the negative effect on the current trading.

Gathering the positive momentum is important to provide chances for forming some bullish waves, that let it step above the $3,600 level, then begin achieving some gains by its rally to $3.710 and $3.830.

The expected trading range for today is between $3.400 and $3.600

Trend forecast: Bullish