Gold price succeeded to achieve our waited target at 2938.00$ and found solid resistance there, to show some bearish bias by today’s open, affected by stochastic negativity, and it might head to test the key support base around 2905.00$ before attempting to return to rise again.

The tight range continues to dominate the USDCAD price trades, which hovers around 1.4185$ level, which keeps the bearish trend scenario valid as it is without change for the upcoming period, which gets continuous support by the EMA50, reminding you that our waited targets begin at 1.4106$ and extend to 1.3944$ in case the price succeeded to break the previous level, noting that the continuation of the bearish wave depends on the price stability below 1.4268$.

For more: please follow us on Telegram channel.

The USDJPY price continues to rise to approach 152.55 level, and the EMA50 meets this level to add more strength to it, while the RSI loses its positive momentum gradually.

The GBPUSD price didn’t show any strong move in the previous sessions, to continue moving around 1.2605$ level, thus, no change to the expected bullish trend scenario for the upcoming period, which targets 1.2680$ followed by 1.2765$ levels as next positive stations, reminding you that breaking 1.2605$ and holding below it will push the price to start bearish wave that targets 1.2525$ followed by 1.2415$ areas mainly.