Gold price didn’t show any strong move since morning, to continue fluctuating near the main bullish channel’s resistance line, settling below it, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 2666.00$, reminding you that our main waited target is located at 2614.00$, noticing that stochastic loses its positive momentum gradually to support the expectations to decline today.

The expected trading range for today is between 2630.00$ support and 2670.00$ resistance.

Trend forecast: Bearish

The GBPUSD price shows new positive trades now to move away from the intraday bullish trend line, reinforcing the expectations of continuing the bullish trend for the rest of the day, paving the way to head towards our next main target that reaches 1.3500$.

Therefore, we will continue to suggest the bullish trend for today, reminding you that it is important to hold above 1.3325$ to guarantee not turning to decline.

The expected trading range for today is between 1.3300$ support and 1.3470$ resistance.

Trend forecast: Bullish

The EURUSD price resumes its positive trading to reach 1.1200$ level again, waiting to breach this level to confirm opening the way to extend the bullish wave and achieve additional gains that reach 1.1300$, to keep the bullish trend valid and active for today, reminding you that the continuation of the bullish wave depends on the price stability above 1.1100$.

The expected trading range for today is between 1.1100$ support and 1.1240$ resistance.

Trend forecast: Bullish

Coffee price succeeded to provide new positive close above 262.50 level, to form additional support against the bullish trades and notice recording some additional gains by touching 274.55.

Now, stochastic crawl towards the overbought areas will increase the chances of gathering the additional positive momentum, to keep our bullish overview and wait to target the additional positive stations represented by 279.20 followed by reaching the bullish channel’s resistance line at 286.60.

The expected trading range for today is between 265.00 and 279.20

Trend forecast: Bullish