Gold price shows new positive trades today, to reach the key horizontal resistance 1739.85, as the price gets positive signals through stochastic and the EMA50, which might push the price to achieve more gains in the upcoming sessions.

Now, we prefer staying aside temporarily until the price confirms breaching the mentioned resistance or breaking 1725.00 support to detect the next destination clearly, noting that breaching the resistance will lead the price to continue the rise and visit 1747.75 followed by 1765.00 levels as next positive targets, while breaking the support represents the key to resume the bearish wave and head towards 1716.00 followed by 1692.00 levels initially.

The expected trading range for today is between 1720.00 support and 1750.00 resistance.

The expected trend for today: Neutral

The USDCAD pair managed to break 1.2468 and closed the daily candlestick below it, to trade negatively and approaches our waited target at 1.2415, expecting to continue the decline on the intraday and short-term basis to reach 1.2250 as a next main station.

Therefore, the bearish trend will remain dominant in the upcoming sessions, taking into consideration that breaching 1.2468 and holding above it is considered as initial positive key to start recovery attempts and intraday bullish correction before turning back to decline again.

The expected trading range for today is between 1.2380 support and 1.2520 resistance.

The expected trend for today: Bearish

The USDJPY pair faced temporary negative pressure yesterday to touch 108.77 level, but it bounced bullishly to settle at 109.22 again, which keeps our positive overview valid until now, supported by the EMA50, reminding you that our next targets are located at 109.85 followed by 110.30.

We remind you that the continuation of the bullish wave requires holding above 108.35.

The expected trading range for today is between 108.60 support and 109.85 resistance

The expected trend for today: Bullish

The GBPUSD pair bounced bullishly to test the EMA50 that forms good resistance barrier against the price, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to resume the negative trades, organized inside the bearish channel that appears on the chart, noting that our next main target is located at 1.3740.

Note that breaching 1.3935 will stop the expected decline and push the price to start recovery attempts that target testing 1.4050 areas initially.

The expected trading range for today is between 1.3800 support and 1.3950 resistance.

The expected trend for today: Bearish