Gold price settles around 2515.00$ level since morning, waiting to gather positive momentum that assist to push the price to resume the expected bullish wave on the intraday basis, which targets 2540.00$ mainly.

Moving above the EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 2500.00$.

The expected trading range for today is between 2500.00$ support and 2540.00$ resistance.

Trend forecast: Bullish

Read more: Gold Makes a Historic Leap Above $2,500: Did You Miss the Big Opportunity?

The GBPUSD price faces negative pressure now to head towards potential test to the bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, to support the continuation of the expected bullish trend for today, which targets 1.3200$ followed by 1.3265$ levels as next main stations.

In general, the bullish trend will remain valid and active for today unless breaking 1.3124$ and holding below it.

The expected trading range for today is between 1.3100$ support and 1.3265$ resistance.

Trend forecast: Bullish

The EURUSD price crawls upwards calmly to attempt to move away from 1.1100$ level, to keep the bullish trend active for today, waiting to gather positive momentum that reinforce the chances of achieving our targets that start by visiting 1.1200$ areas.

Moving below the EMA50 supports the suggested bullish wave, which will remain valid unless breaking 1.1100$ and holding below it.

The expected trading range for today is between 1.1050$ support and 1.1200$ resistance.

Trend forecast: Bullish

The CADJPY price continued to form strong negative trades to notice crawling below 50% Fibonacci correction level at 106.45, hinting its preparation to resume the negative attack by touching 105.48.

Stochastic provides the additional negative momentum by crawling towards the oversold areas, to force the price to form new negative waves and expect to target 104.75 followed by 103.95 levels.

The expected trading range for today is between 104.75 and 106.10

Trend forecast: Bearish