Gold price fluctuates around 2435.00$ level since morning, and it needs to consolidate above 2428.00$ to guarantee the continuation of the bullish trend for today, waiting to get positive motive that pushes the price to continue the rise and achieve new gains that reach 2483.40$, noting that moving above the EMA50 supports the suggested positive scenario.

The expected trading range for today is between 2425.00$ support and 2465.00$ resistance.

Trend forecast: Bullish

The GBPUSD price succeeded to achieve our waited target at 1.2780$, showing additional negative trades to attack this level and confirm the continuation of the bearish trend in the upcoming sessions, reminding you that our next target is located at 1.2735$.

Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1.2880$.

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

Trend forecast: Bearish

The EURUSD price declined clearly to break 1.0806$ and approaches the next waited target at 1.0774$, reinforcing the expectations of continuing the bearish trend for the rest of the day, noting that breaking this level will push the price to 1.0735$ as a next negative station, while holding below 1.0820$ represents the first condition to the continuation of the expected decline.

The expected trading range for today is between 1.0750$ support and 1.0900$ resistance.

Trend forecast: Bearish

The AUDCAD price confirmed its surrender to the domination of the bearish bias by providing new negative closings below 0.9082 barrier, to notice forming additional negative waves recently to touch 0.8973 level followed by turning back to test the MA55 at 0.9030 and settle below it.

These factors confirm the continuation of the negativity to expect crawling below 0.8990 and start targeting new negative stations that might extend towards 0.8940 followed by reaching 0.8880 to form the next main target of the negative trades.

The expected trading range for today is between 0.9040 and 0.8940

Trend forecast: Bearish