Gold continued its sharp decline during its latest intraday trading, reaching a key support level at $4,400, amid the dominance of a short-term bearish corrective trend. This comes alongside negative pressure due to trading below EMA50, reinforcing the dominance of the bearish trend.

On the other hand, we notice the beginning of a positive crossover of the relative strength indicators after reaching deeply oversold levels, which may support some corrective rebounds in the coming period, especially if the current support level holds, aiming to recover part of the previous losses.

The EURUSD pair recorded a slight increase in its recent intraday trading, supported by the dominance of a short-term upward corrective wave, as it moves along a supportive trendline for this movement.

The pair is also benefiting from dynamic support as it trades above EMA50, which enhances the chances of continuing the recovery in the near term. This comes after the price successfully eased the overbought condition on the relative strength indicators, alongside the emergence of new positive signals from the indicator, supporting the current upward momentum.

EURCHF resumed the previously suggested bullish corrective rally, recording the target at 0.9115, which represents an important barrier due to the stability of %61.8 Fibonacci extension level near it, forcing it to provide sideways fluctuation as appears in the above image.

Note that the continuation of the price stability below the current barrier will increase the chances of activating the negative attempts, to reach 0.9075 reaching 0.9010, while breaching the barrier will force it to delay the decline and target extra corrective stations that might extend towards 0.9185 and 0.9220.

The expected trading range for today is between 0.9075 and 0.9120

Trend forecast: Bearish

Despite the weakness of the Natural gas price trading, the negative stability below $3.450 level supports the chances of renewing the negative attack in the near period, to confirm the importance of gathering the negative momentum to renew the pressure on $2.820 level, to extend the trading towards the next target at $2.620.

While breaching the barrier and holding above it will push the price to form strong bullish waves in the upcoming period, attempting to reach $3.750 reaching the next barrier at $4.220 level.

The expected trading range for today is between $2.620 and $3.450

Trend forecast: Bearish