Gold Price Analysis

Expected Scenario

• Gold price continues to fluctuate within tight track, thus, no change to the expected bearish trend scenario for today, supported by stochastic current negativity, waiting to visit 2272.06$ that represents our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 2340.10$.

Expected Trading Range

Between 2305.00$ support and 2340.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price shows additional positive trades to attempt to breach 1.2700$ level, which urges caution from the upcoming trading, as continuing the rise and confirming the breach will push the price to turn to rise for the rest of the day and start bullish wave on the intraday basis.
• Consolidating below 1.2700$ keeps the bearish trend scenario valid, which targets 1.2580$ areas mainly.

Expected Trading Range

Between 1.2600$ support and 1.2760$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price fluctuates around the EMA50 since morning, waiting to get positive motive that assist to push the price to breach 1.0750$ followed by activating the positive effect of the double bottom pattern, which will push the price to achieve our expected positive target at 1.0840$.
• Therefore, the bullish trend scenario will remain valid and active unless breaking 1.0675$ and holding below it.

Expected Trading Range

Between 1.0670$ support and 1.0820$ resistance.

EURGBP Price Analysis

Expected Scenario

• The EURGBP price still consolidated within the minor bearish channel until this moment, affected by the strength of 0.8485 resistance line, which increases the chances of providing new negative trades soon, to repeat the pressure on 0.8400 obstacle, while achieving the required break will push the price towards the next additional negative station at 0.8355 followed by 0.8290.
• Note that stochastic negative momentum will increase the chances of activating the negative attack soon, to keep waiting to reach the previously suggested negative stations.

Expected Trading Range

Between 0.8475 and 0.8400.