Gold price’s recent trades are confined within bullish pennant pattern that appears on the chart, which means that breaching 2170.00 will activate the positive effect of this pattern and push the price to resume the bullish wave on the intraday and short-term basis, reminding you that our first target is located at 2200.00.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by stochastic positivity, reminding you that the continuation of the bullish wave conditions the price stability above 2145.35.

The expected trading range for today is between 2145.00 support and 2180.00 resistance.

Trend forecast: Bullish

The GBPUSD price shows slight bearish bias and still stable below the broken support of the bullish channel, to keep the bearish trend suggested for today, which targets 1.2655 as a next main station.

The EMA50 supports the expected decline, reminding you that breaching 1.2775 will stop the negative scenario and push the price to return to the main bullish track again.

The expected trading range for today is between 1.2650 support and 1.2800 resistance.

Trend forecast: Bearish

The EURUSD price settles below the broken neckline of the double top pattern, to keep the negative effect of this pattern active, waiting to resume the negative trades to break 1.0860 and confirm opening the way to head towards 1.0765.

Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.0900 followed by 1.0960 levels and hold above them.

The expected trading range for today is between 1.0790 support and 1.0950 resistance.

Trend forecast: Bearish

The CADJPY pair formed minor bearish wave recently to reinforce the chances of resuming the negative attempts by fluctuating frequently below 109.80 resistance, while we will keep waiting the price to react to the negativity of the major indicators to ease the mission of targeting the first negative target at 109.20 followed by attacking 50% Fibonacci correction level at 108.95 in order to find a way to resume the decline in the upcoming period.

The expected trading range for today is between 109.70 and 109.20

Trend forecast: Bearish