Gold Price Analysis

Expected Scenario

• Gold price continues to rise to succeed touching 2400.00$ level, and we expect the continuation of the positive trading and achieve additional gains that extend to 2510.00$ on the near-term basis.
• Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 2362.50$.

Expected Trading Range

Between 2375.00$ support and 2415.00$ resistance.

GBP/USD Pair Price Analysis

Expected Scenario

• The GBP/USD pair managed to touch our waited target at 1.2480$ and attempts to break it, to support the chances of achieving more bearish correction and pave the way to target 1.2385$ areas as a next main station.
• Therefore, we expect to witness more decline in the upcoming sessions, reminding you that it is important to hold below 1.2580$ to achieve the suggested targets.

Expected Trading Range

Between 1.2430$ support and 1.2550$ resistance.

EUR/USD Pair Price Analysis

Expected Scenario

• The EUR/USD pair resumes its negative trading clearly to succeed reaching our waited target at 1.0645$, and we suggest surpassing this level to open the way to achieve additional negative targets that start at 1.0525$ and extend to 1.0450$ mainly.
• Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1.0765$ and hold above it.

Expected Trading Range

Between 1.0600$ support and 1.0720$ resistance.

EURGBP Pair Analysis

Expected Scenario

• The EURGBP pair has surrendered to the stability of the bearish channel’s resistance line at 0.8573.
• Additionally, the MA55 fluctuation near the resistance line has contributed to the activation of a negative attack, with the pair crawling towards 0.8535.
• Negative momentum signals from stochastic indicators are expected to increase the efficiency of the negative track.
• Next main target for negative trades is suggested to be around 0.8490.

Expected Trading Range

Between 0.8550 resistance and 0.8460 support.