Gold price opened today with strong rise to surpass our expected target at 2075.25 and records new historical highs that reached 2144.60, and declined quickly to settle around the first level that forms key support now after beaching it, and we suggest resuming the bullish bias to achieve positive targets that start by testing 2100.00 barrier and extend to 2135.00.

Therefore, the bullish trend scenario will remain suggested for the upcoming period, supported by the EMA50, taking into consideration that breaking 2075.25 will stop the expected rise and push the price to achieve some intraday bearish correction.

The expected trading range for today is between 2070.00 support and 2110.00 resistance.

The expected trend for today: Bullish

The USDCAD pair managed to reach our waited target at 1.3500, showing sideways trades around this level, affected by the strength of this support, and it might be forced for some temporary rise before resuming the negative trades again.

The bearish channel supports the chances of achieving more decline in the upcoming period, noting that the next negative targets reach 1.3420 followed by 1.3350, noting that the consolidation of 1.3500 level might push the price to achieve intraday gains that target testing 1.3590 areas before any new attempt to decline.

The expected trading range for today is between 1.3440 support and 1.3570 resistance.

The expected trend for today: Bearish

The USDJPY pair succeeded to reach 38.2% Fibonacci correction level at 146.17 and settles near it, falling under negative pressure formed by the EMA50, which supports the chances of surpassing this level to achieve additional bearish correction that its next target reaches 144.47.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 147.20 will stop the expected decline and lead the price to achieve intraday gains that start by testing 148.30.

The expected trading range for today is between 145.70 support and 147.20 resistance

The expected trend for today: Bearish

The GBPUSD pair resumed its positive trading clearly to touch our first target at 1.2720, facing solid resistance there, as it shows some bearish bias now, affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to surpass this level and open the way to head towards 1.2880 as a next main target.

Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1.2590.

The expected trading range for today is between 1.2600 support and 1.2770 resistance.

The expected trend for today: Bullish