Gold Price Analysis

Expected Scenario

• The tight range dominates gold price trades since morning, and as long as the price is above 2340.10$, our bullish outlook will remain valid for today. This view is supported by the EMA50. Our targets start with surpassing 2365.00$ to pave the way towards 2400.00$.

Expected Trading Range

Between support at 2345.00$ and resistance at 2380.00$.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price shows a calm bullish bias in an attempt to resume the expected upward trend for today. This continues to suggest a bullish bias in the upcoming sessions, with targets starting at 1.2800$ and extending to 1.2890$. Achieving these targets requires maintaining support above 1.2700$.

Expected Trading Range

Between support at 1.2660$ and resistance at 1.2835$.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price continues to fluctuate around the 1.0795$ level. Stochastic indicators are gradually losing positive momentum, waiting for a catalyst to push the price higher towards the next target at 1.0840$, with a reminder that breaching this level could extend the bullish wave towards 1.0915$.
• The EMA50 continues to support the suggested bullish trend, which remains valid unless the price breaks below 1.0760$ and holds below it.

Expected Trading Range

Between support at 1.0720$ and resistance at 1.0860$.

EURGBP Price Analysis

Expected Scenario

• The EURGBP price formed some correctional bullish waves to test 0.8500 barrier and settle below it, confirming its affected by the domination of the previously suggested bearish bias, noticing its crawl towards 0.8465 now.
• The major indicators agree to provide the negative momentum, in addition to the stability of the mentioned barrier, these factors support our bearish overview, to keep waiting to target 0.8425 level soon, followed by pressing on 0.8400 support line in order to find a way to resume the negative attack in the upcoming period.

Expected Trading Range

Between 0.8490 and 0.8425.