Gold price shows new positive trades to start the attempts to breach 2700.00$ level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our next target is located at 2725.00$.

The bullish channel organizes the suggested bullish wave, which will remain valid unless breaking 2672.00$ and holding with a daily close below it.

The expected trading range for today is between 2680.00$ support and 2720.00$ resistance.

Trend forecast: Bullish

The GBPUSD price is testing the bearish flag’s support line that appears on the chart, waiting to break this level at 1.2185$ to confirm rallying towards our expected negative target at 1.2045$.

The main bearish channel continues to organize the suggested bearish wave, reminding you that it is important to hold below 1.2300$ to achieve the waited target.

The expected trading range for today is between 1.2140$ support and 1.2300$ resistance

Trend forecast: Bearish

The EURUSD price didn’t show any strong move since this morning, to continue fluctuating around the EMA50, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.0325$, while its targets begin at 1.0220$ and extend to 1.0100$ after breaking the previous level.

The expected trading range for today is between 1.0200$ support and 1.0360$ resistance

Trend forecast: Bearish

Coffee price kept its stability above 312.10 support line, confirming its preparation to renew the bullish attempts to notice rallying towards 330.30$ to approach the barrier at 333.65.

Stochastic approach to 80 level will provide the price with strong positive momentum to manage to surpass the mentioned barrier and open the way to record additional gains that might extend towards 338.70 followed by reaching the recently recorded high at 347.85.

The expected trading range for today is between 325.50 and 338.70

Trend forecast: Bullish