Gold price ended yesterday above 2394.00$ level, to activate the positive scenario and head towards achieving positive targets that start at 2450.00$ and reach the recorded high at 2483.40$, making the bullish bias suggested in the upcoming sessions.

Moving above the EMA50 supports the expected bullish trend, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity, noting that breaking 2374.10$ will stop the positive scenario and push the price to turn to decline, to head towards testing 2324.55$ areas initially.

The expected trading range for today is between 2395.00$ support and 2435.00$ resistance.

Trend forecast: Bullish

The USDCAD price fluctuates around 1.3845$ level and attempts to consolidate above it, noticing that stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the main bullish trend, which its next target located at 1.3977$.

The EMA50 supports the expected rise, reminding you that breaking 1.3845$ followed by 1.3790$ levels will put the price under correctional bearish pressure before any new positive attempt.

The expected trading range for today is between 1.3785$ support and 1.3910$ resistance.

Trend forecast: Bullish

The USDJPY price traded with strong negativity yesterday to break the bearish flag’s support line and close the daily candlestick below it, to get negate motive that supports the expectations of continuing the bearish trend, and the way is open to head towards our next target at 151.10.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the EMA50, noting that breaching 153.65 followed by 154.35 levels will stop the negative scenario and lead the price to attempt to build bullish wave on the intraday basis.

The expected trading range for today is between 151.90 support and 153.40 resistance

Trend forecast: Bearish

The GBPUSD price finds difficulty to break 1.2830$ level, to provide calm positive trades and head towards potential test to 1.2880$ level, which represents the broken neckline of the double top pattern that appears on the chart, waiting to resume the bearish correction that its next target located at 1.2780$, reminding you that the mentioned pattern has additional negative targets that extend to 1.2735$.

Therefore, the bearish trend will remain valid for the upcoming period, noting that the continuation of the bearish wave depends on the price stability below 1.2880$ and the most important below 1.2945$.

The expected trading range for today is between 1.2770$ support and 1.2910$ resistance.

Trend forecast: Bearish