Gold price provided clear positive trades in the previous sessions to reach few pips away from our waited target at 2700.00$, and we suggest the continuation of the bullish bias to surpass this level and achieve additional gains that extend to 2725.00$ as a next positive target.

Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA50, noting that breaking 2670.00$ will push the price to retest 2640.00$ areas before any new attempt to rise.

The expected trading range for today is between 2670.00$ support and 2670.00$ resistance.

Trend forecast: Bullish

The USDCAD price shows more bullish bias to approach our waited positive target at 1.4467$, getting positive support by the technical indicators to suggest breaching this level and open the way to continue the rise within the bullish channel that appears on the chart, to target 1.4550$ areas as a next main station.

Therefore, the bullish trend will remain valid for the upcoming period, noting that breaking 1.4380$ will push the price to test 1.4295$ areas initially before ant new attempt to rise.

The expected trading range for today is between 1.4360$ support and 1.4500$ resistance

Trend forecast: Bullish

The USDJPY price bounced bearishly after approaching 159.00 barrier, to press on the bullish channel’s support line and move below it, but we notice that the EMA50 attempts to stop the negative pressure to support the chances of recovering again.

Therefore, we will keep our overall bullish overview, and the price needs to trade above 158.05 to reinforce the chances of heading towards 160.00 that represents our next main target, noting that breaking 157.35 will stop the bullish wave and push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 156.90 support and 158.45 resistance

Trend forecast: Bullish

The GBPUSD price provided new strong negative trades to surpass 1.2200$ barrier and open the way to continue the decline on the short-term and medium-term basis, organized inside the bearish channel that appears on the chart, noting that we are waiting to visit 1.2115$ followed by 1.2065$ levels as next main targets.

Holding below 1.2300$ is important to the continuation of the expected decline, as breaching it might push the price to build intraday bullish wave that targets testing the bearish channel’s resistance line around 1.2515$ before any new negative attempt.

The expected trading range for today is between 1.2090$ support and 1.2250$ resistance

Trend forecast: Bearish