Gold Price Analysis

Expected Scenario

• Gold price trades negatively now to test the key support at 2340.10$, which urges caution from the upcoming trading. The price needs to consolidate above this level to keep the expected bullish trend scenario active for today, targeting 2410.00$ followed by 2450.00$ levels as next positive stations.
• On the other hand, breaking 2340.10$ and holding below it will put the price under the correctional bearish pressure again, turning to decline and heading towards visiting 2272.05$ areas on the near-term basis.

Expected Trading Range

The expected trading range for today is between 2330.00$ support and 2375.00$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price is affected by RSI negativity, trading with slight negativity. Waiting to get a positive motive that assists in pushing the price to resume the expected bullish trend for today, targeting 1.2893$ as the next station.
• The positive scenario depends on the positive effect of the previously completed double bottom pattern. Holding above 1.2700$ represents a major condition for the continuation of the expected rise.

Expected Trading Range

The expected trading range for today is between 1.2710$ support and 1.2870$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price faces solid resistance at 1.0876$, showing some bearish bias now. Continuing the decline and breaking 1.0825$ will push the price to test the most important support line for intraday and short-term trades at 1.0795$.
• The price needs to breach 1.0876$ to reinforce the chances of continuing the expected positive scenario for today. The waited target reaches 1.0976$ areas.

Expected Trading Range

The expected trading range for today is between 1.0810$ support and 1.0960$ resistance.

NZDCAD Price Analysis

Expected Scenario

• The NZDCAD price provided new positive close above 0.8285 support line to notice forming strong bullish waves to surpass 0.8345 barrier and achieve clear gains by reaching 0.8400.
• The bullish overview depends on 0.8345 level forming additional support, noting that the major indicators provide the positive momentum to ease the mission to record additional gains, to expect targeting 0.8470 that forms 38.2% Fibonacci correction level.

Expected Trading Range

Between 0.8370 and 0.8470