Gold price continues to fluctuate near the correctional bearish channel and still below it, noticing that stochastic loses the positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.

Therefore, these factors encourage us to suggest the bearish trend in the upcoming sessions, which targets testing 1447.00 level initially, noting that breaching 1470.00 will push the price to visit 1489.00 level before any new attempt to decline.

The expected trading range for today is between 1447.00 support and 1475.00 resistance.

The expected trend for today: Bearish

The USDCAD pair traded negatively to test the EMA50, and it might test 1.3200 level in the upcoming sessions, noting that we are waiting to resume the bullish trend after testing the mentioned support.

In general, we will continue to suggest the bullish trend unless breaking 1.3155 level and holding below it, reminding you that our main targets begin at 1.3295 and extend to 1.3380 after breaching the previous level.

The expected trading range for today is between 1.3155 support and 1.3300 resistance.

The expected trend for today: Bullish

The USDJPY pair shows positive trading and attempts to return to the bullish channel that appears on the chart, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which its targets begin at 109.33.

Therefore, we will keep our bullish overview conditioned by the price stability above 108.40, reminding you that surpassing the first target will push the price to 110.50 as a next main station.

The expected trading range for today is between 108.40 support and 109.60 resistance

The expected trend for today: Bullish

The GBPUSD pair begins attempts to breach the intraday bearish channel’s resistance that appears on the chart, which forms bullish flag pattern, thus, confirming the breach will provide strong positive motive that supports the chances of rallying towards our main waited target at 1.3045.

Therefore, our bullish overview will remain valid and active for the upcoming period, reminding you that it is important to hold above 1.2840 to continue the expected rise.

The expected trading range for today is between 1.2840 support and 1.3030 resistance.

The expected trend for today: Bullish