Gold Price Analysis

Expected Scenario

• Gold price didn’t show any strong move since morning, to continue fluctuating around 2295.00$ level, thus, no change to the expected bearish trend for today, which its targets begin by testing 2272.06$ level, reminding you that breaking this level will push the price towards the next correctional level at 2217.10$, while the expected decline will remain valid unless breaching 2340.10$ and holding above it.

Expected Trading Range

Between 2270.00$ support and 2310.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price provides additional negative trades to approach 1.2700$ level, and as we mentioned in our recent reports, holding above this level keeps the bullish trend scenario active for today, as breaking it will cause key turn to decline, while the price needs to breach 1.2750$ to reinforce the chances of resuming the bullish trend that its next targets located at 1.2800$ followed by 1.2893$.

Expected Trading Range

Between 1.2650$ support and 1.2810$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price attempts to break 1.0760$ level, as it closed the last four hours’ candlestick below it, reinforcing the expectations of continuing the domination of the bearish trend for the rest of the day, waiting to visit 1.0720$ followed by 1.0675$ levels that represent our next targets.
• In general, the bearish trend scenario will remain valid and active unless the price rallied to breach 1.0795$ followed by 1.0840$ levels and hold above them.

Expected Trading Range

Between 1.0680$ support and 1.0820$ resistance.

GBPCHF Price Analysis

Expected Scenario

• The GBPCHF price repeated the positive closings above 1.1345 extended support line, taking advantage of the MA55 consolidation below it, to confirm keeping the previously suggested bullish track and notice its fluctuation near 1.1408.
• The above chart shows stochastic exit from the oversold areas, to increase the chances of gathering some positive momentum to reinforce the chances of activating the bullish track and keep our bullish overview until recording some additional gains that might start at 1.1520 and 1.1590.

Expected Trading Range

Between 1.1385 and 1.1520