The (Gold) price continues its decline in its last intraday trading, after breaking the lines of a minor bullish channel that limited its decline on a short-term basis, as a clear signal for the weakness of the previous positive momentum.

This decline accompanied by breaking the support of its EMA50, increasing the negative pressures on the price and assisted in deepening the losses, especially with the emergence of the negative signals on the (RSI), despite reaching sharp oversold levels, which shows the dominance of sellers and the continuation of the bearish pressure on the gold price in the current period.

The (EURUSD) rose slightly in its last intraday trading, taking advantage of learning on the support of its EMA50, which provided dynamic support that assisted it in reinforcing the positive momentum and pushed the price to achieve some gains.

This rise comes amid the trading alongside a minor bullish trend on the short-term basis, supported by the beginning of the positive signals appearance on the (RSI), after reaching severe oversold levels, reinforcing the possibilities for the continuation of the bullish move in the upcoming trading conditioned by the stability of the technical support.

The EURGBP confirmed the continuation of the bullish scenario by moving away from the support at 0.8375, to notice forming several bullish waves and their stability above the moving average 55 that is represented by 0.8410 level.

Note that stochastic fluctuation near 80 level will increase the chances for gaining the positive momentum in the current period, providing a chance for forming more of the bullish waves, to target several bullish stations that begin at 0.8480 reaching 38.2%Fibonacci correction level at 0.8532.

The expected trading range for today is between 0.8410 and 0.8480

Trend forecast: Bullish

Natural gas price continued providing bearish closes below the resistance at $3.880, to confirm its readiness to activate the suggested bearish correctional track, the current sideways trading is caused by the stability of the moving average 55 near the initial support at $3.600, to keep waiting for breaking this barrier to open the way towards the negative stations that are represented by $3.450 reaching $3.320 level.

While breaching the resistance and holding above it will cancel the negative suggestion, providing a chance for activating the bullish attack by its rally to $3.960 and $4.050.

The expected trading range for today is between $3.450 and $3.800

Trend forecast: Bearish