Gold Price Analysis

Expected Scenario

• Gold price continues to fluctuate at the neckline of the head and shoulders’ pattern, and we still keep our bearish overview that targets $2272.05 as a first station, noting that the mentioned pattern has additional targets that extend to $2217.10.
• In general, the negative scenario will remain valid and active unless the price rallied to breach $2340.10 followed by $2360.00 levels and hold above them.

Expected Trading Range

The expected trading range for today is between $2300.00 support and $2340.00 resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price faces negative pressure now to test the key support at $1.2700, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active for today, which its next main target located at $1.2893.
• We remind you that breaking $1.2700 and holding below it will put the price under additional negative pressure to head towards visiting $1.2630 followed by $1.2580 levels before any new positive attempt.

Expected Trading Range

The expected trading range for today is between $1.2670 support and $1.2830 resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price shows some bearish bias in attempt to resume the expected bearish trend for today, reinforced by stochastic negativity, reminding you that our targets begin by surpassing $1.0825 to open the way to head towards $1.0785 followed by $1.0713, taking into consideration that breaching $1.0895 will stop the suggested bearish wave and lead the price to regain the bullish trend again.

Expected Trading Range

The expected trading range for today is between $1.0770 support and $1.0910 resistance.

EURCAD Price Analysis

Expected Scenario

• The EURCAD provided several closes within the bullish channel’s levels, leaning above the extra support at 1.7335, forming some bullish waves to hit 1.7382 level and settle near it.
• Stochastic's attempt to surpass the 50 level will increase the chances for gathering positive momentum, reinforcing the chances for attacking the obstacle at 1.7400. Surpassing it will make the price succeed in recording extra gains by its rally to 1.7435, reaching 1.7475 in the medium period trading.

Expected Trading Range

Between 1.7345 support and 1.7400 resistance.