The tight range dominates gold price trades since morning, thus, our bearish overview will remain valid as it is without any change for today, which depends on the price stability below 2663.00$, reminding you that our first target is located at 2600.00$.

The expected trading range for today is between 2615.00$ support and 2652.00$ resistance.

Trend forecast: Bearish

The GBPUSD price is testing the bearish channel’s resistance again and keeps its stability below it, to keep the bearish trend scenario valid and active for the upcoming period, waiting to get negative motive that assist to push the price to visit 1.2566$ that represents our next main target, noting that the continuation of the rise and breaching 1.2735$ will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 1.2550$ support and 1.2700$ resistance

Trend forecast: Bearish

The EURUSD price trades positively to test the EMA50, which forms good resistance barrier against the price, waiting to push the price to decline again and break 1.0475$ to confirm extending the bearish wave towards 1.0400$ as a next negative station.

Stochastic loses its positive momentum clearly to support the expectations to decline, which will remain valid unless breaching 1.0563$ and holding above it.

The expected trading range for today is between 1.0400$ support and 1.0550$ resistance

Trend forecast: Bullish

The GBPAUD price confirmed its surrender to the bullish bias domination by its stability within the bullish track, which depends on the continuation of forming an extension for the critical support at 1.9240 level, to notice recording some of the gains by its fluctuation near 1.9540.

The moving average 55 stability below the main support confirms the trading confinement within the bullish track, beside the positive momentum that comes from stochastic will ease the mission of targeting 1.9625 level, then wait for attacking the obstacle at 1.9775 in order to find an exit for resuming the rise in the upcoming period trading.

The expected trading range for today is between 1.9465 and 1.9625

Trend forecast: Bullish