Gold Price Analysis

Expected Scenario

• Gold price settles below 2340.10$ level, and didn’t show any strong move since morning, to keep the bearish trend scenario valid and active for today, which depends on the price stability below the mentioned level, supported by the EMA50, reminding you that we are waiting to visit 2272.06$ as a next main target.

Expected Trading Range

Between 2305.00$ support and 2340.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price shows some slight bullish bias now, affected by the RSI positivity, but as long as the price is below 1.2700$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, noting that we are waiting to visit 1.2580$ as a first negative station.

Expected Trading Range

Between 1.2550$ support and 1.2700$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price trades with clear positivity to test the minor resistance 1.0720$, which urges caution from the upcoming trading, as continuing the rise and breaching this level will lead the price to achieve additional gains and head towards 1.0795$ as a next positive station.
• Until now, the bearish trend scenario still valid conditioned by the price stability below 1.0720$, supported by stochastic loss to the positive momentum, reminding you that our targets begin by breaking 1.0675$ to open the way to head towards 1.0600$ mainly.

Expected Trading Range

Between 1.0610$ support and 1.0760$ resistance.

EURCAD Price Analysis

Expected Scenario

• The EURCAD price activated the correctional bearish attack after facing strong negative pressures, which pushed it to crawl below 1.4705 support line, affected by the MA55 negativity, to notice reaching 1.4615.
• Now, stochastic crawl towards the oversold areas will increase the negative pressures to expect crawling towards 1.4565 followed by reaching the main support at 1.4510.

Expected Trading Range

Between 1.4680 and 1.4580.