Gold price showed new attempts to breach 1797.00 but it keeps its consolidation below it, to keep the chances valid to resume the expected bearish trend for the upcoming period, waiting to visit 1770.00 as a next main target.

Stochastic provides negative signals that support the expected decline, noting that breaching 1797.00 will lead the price to achieve new gains that reach 1825.15.

The expected trading range for today is between 1785.00 support and 1810.00 resistance.

The expected trend for today: Bearish

The USDCAD pair managed to achieve the waited target at 1.2365 and attempts to break it, to support the chances of extending the correctional bearish wave, which targets 1.2230 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, which gets continuous support by the EMA50, noting that the continuation of the expected decline requires holding below 1.2495.

The expected trading range for today is between 1.2280 support and 1.2410 resistance.

The expected trend for today: Bearish

The USDJPY pair shows new positive trades by today’s open to approach the waited target at 114.00, and we expect the continuation of the bullish bias to reach 114.70 as a next positive station.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 113.20.

The expected trading range for today is between 113.40 support and 114.50 resistance

The expected trend for today: Bullish

The GBPUSD pair succeeded to achieve our first waited target at 1.3720 and bounced bearishly to test the support base 1.3660, and begins to provide positive trades now to move away from the mentioned support, supported by stochastic gain to the positive momentum clearly, waiting to surpassing 1.3720 to head towards 1.3795 as a next target.

Therefore, the bullish trend scenario will remain valid and active on the intraday basis unless breaking 1.3660 and holding below it.

The expected trading range for today is between 1.3610 support and 1.3780 resistance.

The expected trend for today: Bullish