Gold price hovers around the bullish channel’s resistance line and still below it, to keep the bearish trend scenario valid and active for today, waiting to head towards 2707.00$ as a next main target.

We remind you that breaking 2744.00$ is required to reinforce the expectations to decline, which will remain valid unless breaching 2755.00$ and holding above it.

The expected trading range for today is between 2730.00$ support and 2765.00$ resistance.

Trend forecast: Bearish

The GBPUSD price attempts to break 1.2300$ level now, reinforcing the expectations of continuing the bearish trend for today, which its first main target located at 1.2210$.

We remind you that failing to break 1.2300$ will push the price to achieve new gains and visit 1.2440$ on the near-term basis.

The expected trading range for today is between 1.2230$ support and 1.2380$ resistance

Trend forecast: Bearish

The EURUSD price shows weak trades since morning, and attempts to crawl downwards calmly, to continue suggesting the bearish trend for today, which its first main target located at 1.0325$, reminding you that the continuation of the bearish wave depends on the price stability below 1.0455$.

The expected trading range for today is between 1.0325$ support and 1.0470$ resistance

Trend forecast: Bearish

Coffee price faced strong positive pressures recently after stochastic reached 80 level, to notice surpassing 335.00 level and recording additional gains by reaching 342.30.

We expect to resume the bullish attack and attempt to press on the historical high at 347.85, while surpassing it will push the price to record new historical highs by rallying towards 356.0 first, followed by reaching the next main target at 368.00.

The expected trading range for today is between 335.00 and 356.00

Trend forecast: Bullish