Gold price provided clear positive trades yesterday after finding solid support near 1830.00, to head towards potential test to the key resistance 1863.85, noticing that there’s potential positive formation that confines the recent trades, while the price faces negative pressure formed by the technical indicators.

Therefore, the contradiction between the technical factors makes us prefer staying aside now until we get clearer signal for the next trend, which we will get through breaching one of the above mentioned levels, noting that breaching 1863.85 resistance will form positive motive that pushes the price to achieve new gains, starting from 1900.00 followed by 1928.60, while breaking the support will press on the price to resume the bearish trend that its next target located at 1800.00.

The expected trading range for today is between 1830.00 support and 1875.00 resistance.

The expected trend for today: Neutral

The USDCAD pair managed to break 1.2688 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently for the upcoming sessions, opening the way to head towards 1.2520 as a next negative target.

The EMA50 continues to support the suggested bearish wave, which its continuation requires holding below 1.2688.

The expected trading range for today is between 1.2570 support and 1.2720 resistance.

The expected trend for today: Bearish

The USDJPY pair trades are confined between the key levels represented by 103.65 support and 104.05 resistance, which represent the next trend keys, as the price needs to surpass one of these levels to detect its next targets clearly, which makes us continue with our neutrality until now.

Note that breaking the mentioned support will press on the price to resume the bearish trend that targets 102.50 areas as a next main station, while breaching the resistance will push the price to achieve new gains that reach 105.20.

The expected trading range for today is between 103.00 support and 104.40 resistance

The expected trend for today: Neutral

The GBPUSD pair returned to rise but it continues to face solid resistance at 1.3700 barrier, waiting to surpass this level to ease the mission of ease the mission of rallying towards our next positive target that extends to 1.3860.

In general, we will continue to suggest the bullish trend conditioned by the price stability above 1.3590, as breaking this level might press on the price to test 1.3490 areas before any new attempt to rise.

The expected trading range for today is between 1.3600 support and 1.3780 resistance.

The expected trend for today: Bullish