Gold price shows positive trades to head towards potential test to the key resistance 1825.15, as the price is affected by stochastic positivity that loses its positive momentum clearly and enters that overbought areas now, waiting to motivate the price to rebound bearishly and resume the negative trades on the intraday basis, as we expect to test 1797.00 again.

Therefore, the bearish bias will be expected for today unless the price rallied to breach 1825.15 and hold above it, as breaching this level will lead the price to achieve additional gains that reach 1860.00.

The expected trading range for today is between 1790.00 support and 1830.00 resistance.

The expected trend for today: Bearish

The USDCAD pair soared strongly yesterday to surpass our waited target at 1.2760 and touch 1.2800 barrier, to hint heading to achieve more expected rise on the short term and medium term basis, noting that the next target extends to 1.2880.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2650.

The expected trading range for today is between 1.2670 support and 1.2800 resistance.

The expected trend for today: Bullish

The USDJPY pair managed to achieve our waited target at 109.22, providing temporary positive trades affected by stochastic positivity, but we expect resuming the bearish bias and break the mentioned level to head towards 107.70 as a next main negative target.

Therefore, the negative scenario will remain expected for the upcoming period, noting that breaching 110.10 will stop the current correctional bearish scenario and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 108.70 support and 110.10 resistance

The expected trend for today: Bearish

The GBPUSD pair succeeded to achieve our waited target at 1.3670 and finds good support there, to show some bullish bias now, affected by stochastic positivity, and it might test the resistance line formed at 1.3730 before turning back to decline again.

Therefore, we expect the continuation of the overall bearish trend domination in the upcoming period, and the price needs to break 1.3670 to confirm heading towards 1.3600 as a next negative target, noting that breaching 1.3730 will push the price to achieve additional intraday gains that reach 1.3805 before any new attempt to decline.

The expected trading range for today is between 1.3600 support and 1.3750 resistance.

The expected trend for today: Bearish