The price of gold (GOLD) has moved higher strongly in its recent intraday trading, supported by positive signals from relative strength indicators (RSI), reaching our first target to test the current resistance level of $3,053. This comes amid the dominance of the main upward trend, with trading occurring near the trend line.

The Euro (EURUSD) has declined in its intraday trading after approaching the key resistance level of 1.1100. The pair is attempting to gain positive momentum with this drop, which may help it break through the resistance. At the same time, it is trying to relieve some of the overbought conditions shown by the relative strength index (RSI), as the main upward trend remains in control in the short term, with the price trading along an ascending trendline.

Coffee price began gathering its gains by activating the bearish correctional track after breaking 370.65, to notice its decline towards 338.20, to settle below the moving average 55.

Stochastic reach to the oversold level will increase the negative pressures, which makes us prefer targeting extra negative stations that might begin at 332.00 and 326.30 before any attempt to regain the bullish track.

The expected trading range for today is between 332.00 and 355.10

Trend forecast: Bearish

Natural gas price suffered new negative pressures by stochastic approach from 20 level, which forces it to reach below the extra support at $3.610, forming new bearish wave to settle near $3.500 as appears in the above image.

In spite of the main stability within the bullish channel’s levels, but the continuation of the negative pressures and forming extra barrier at $3.770, so these factors supports the bearish bias dominance in the current period, to expect suffering new losses by reaching $3.380 reaching the moving average 55 near $3.230.

The expected trading range for today is between $3.380 and $3.700

Trend forecast: Bearish