Gold price traded with strong negativity to move away from 1489.00 level, which supports the continuation of our bearish trend expectations on the intraday and short term basis, and the way is open to achieve our first waited target at 1447.00, reminding you that breaking this level will push the price to 1413.10 as a next correctional target.

Therefore, the negative scenario will remain dominant in the upcoming sessions unless the price rallied to breach 1489.00 level and hold above it.

The expected trading range for today is between 1447.00 support and 1480.00 resistance.

The expected trend for today: Bearish

The USDCAD pair keeps fluctuating between 1.3155 support and 1.3200 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next destination clearly.

We remind you that breaking the mentioned support will reactivate the bearish trend scenario that its next target located at 1.3015, while breaching the resistance will lead the price to achieve positive targets that start at 1.3240 followed by 1.3295.

The expected trading range for today is between 1.3120 support and 1.3270 resistance.

The expected trend for today: Neutral

The USDJPY pair resumed its positive trades clearly yesterday and started attempts to breach 109.33 level, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, waiting to extend the bullish wave towards 110.50.

The EMA50 continues to support the suggested bullish wave, which its continuation requires holding above 108.40.

The expected trading range for today is between 108.60 support and 110.00 resistance

The expected trend for today: Bullish

The GBPUSD pair managed to break 1.2840 level and hold below it, starting to press on 1.2800 level now, which supports the continuation of our bearish overview in the upcoming sessions, waiting to confirm the completion of the double top pattern that will push the price to decline towards 1.2670 level that represents our next main target.

Therefore, the bearish bias will remain dominant on the intraday basis, noting that breaching 1.2840 followed by 1.2865 levels will stop the expected decline and push the price to rise again.

The expected trading range for today is between 1.2720 support and 1.2900 resistance.

The expected trend for today: Bearish