Gold Price Analysis

Expected Scenario

• The price of gold is currently showing a slight bearish bias.
• There might be a test of the key support at 2325.90$ before a potential upward movement resumes.
• The bullish trend scenario remains valid unless the mentioned support is broken and held below.
• The bullish outlook is supported by stochastic positivity and the EMA50.
• Targets start at 2393.00$ and extend to 2510.00$ after surpassing the previous level.

Expected Outcome

The price is expected to maintain a bullish trend.

Expected Trading Range

Between the support at 2345.00$ and the resistance at 2390.00$.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD pair is currently testing the key resistance at 1.2480$.
• Caution is advised for upcoming trading, as the price needs to hold below this level to maintain the bearish trend scenario for today.
• The target for the bearish trend is set at 1.2385$ as the next correctional station.

Expected Outcome

The price is expected to maintain the bearish trend.

Expected Trading Range

Between the support at 1.2370$ and the resistance at 1.2520$.

EURUSD Price Analysis

Expected Scenario

• The EURUSD pair shows additional positive trades, indicating a potential recovery in the upcoming sessions.
• The positivity is influenced by stochastic indicators.
• Waiting for negative momentum to push the price to resume the bearish wave, with the next target at 1.0525$.

Expected Outcome

The price is expected to resume the bearish trend.

Expected Trading Range

Between the support at 1.0560$ and the resistance at 1.0720$.