Gold (GOLD) declined in its recent intraday trading after breaking through the $3,100 resistance level in earlier sessions. This decline appears to be a gain gathering move, attempting to build positive momentum that could support a new upward move. At the same time, gold is trying to get rid of some of the overbought pressure reflected in the Relative Strength Index (RSI).

The (EURUSD) pair’s price rose in its latest intraday trading, under the influence of a bullish trend and trading along an upside trend line. This was accompanied by the emergence of positive signals from the Relative Strength Index (RSI), after reaching oversold levels.

The GBPCAD price faced 61.8%Fibonacci correction level at 1.7975 in its bearish correctional attack, to begin activating the bullish attempts by reaching the moving average55 at 1.8095.

Note that the main stability within the bullish channel’s levels and the continuation forming extra support at 1.7975 level, these factors make us prefer the bullish scenario for the near trading, targeting 1.8150 level reaching the extra obstacle near 1.8200. 

The expected trading range for today is between 1.8030 and 1.8150

Trend forecast: Bullish

Natural gas price touched the negative reached the negative target at $3.380, to bounce above the broken extra support at $3.610, recovering some of the intraday losses by the continuation of providing positive momentum by the main indicators in the last period.

We expect forming some bullish waves, to target $4.180, which represents a strong obstacle against the bullish trading, while surpassing it will reinforce the chances for achieving new gains that might begin at $4.280 and $4.460.

The expected trading range for today is between $3.600 and $4.050

Trend forecast: Bullish