Gold price bounced bearishly to test the minor support 2500.00$, as it consolidated well above it, noticing that stochastic approaches to provide positive overlapping signal now, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 2540.00$ as a next main station.

Holding above 2500.00$ is important to the continuation of the rise, as breaking it will put the price under additional negative pressure to head towards testing the key support 2483.40$ before any new positive attempt.

The expected trading range for today is between 2500.00$ support and 2535.00$ resistance.

Trend forecast: Bullish

The USDCAD price faced negative pressure yesterday to test the key support 1.3562$, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.

Therefore, these factors encourage us to suggest the bullish bias in the upcoming sessions, reminding you that the first target is located at 1.3653$, while achieving it requires holding above 1.3562$.

The expected trading range for today is between 1.3530$ support and 1.3650$ resistance.

Trend forecast: Bullish

The USDJPY price provided additional negative trades yesterday to reach 140.70 areas, noticing that the price rebounds upwards clearly to approach testing the key resistance 143.40, and the EMA50 meets this level to add more strength to it, waiting to resume the negative trades to achieve our main expected target at 140.24.

Therefore, we are waiting for negative trades in the upcoming sessions, noting that breaching 143.40 will lead the price to achieve more gains and head to test 145.36 areas before any new attempt to decline.

The expected trading range for today is between 141.50 support and 143.10 resistance

Trend forecast: Bearish

The GBPUSD price bounced downwards clearly yesterday to succeed achieving our first waited target at 1.3036$, and we suggest breaking this level to achieve more bearish correction in the upcoming sessions, which targets 1.2965$ followed by 1.2894$ levels as next main targets, affected by the previously completed double top pattern.

Therefore, the bearish trend will remain valid and active on the intraday basis, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 1.3124$ to continue the expected decline.

The expected trading range for today is between 1.2955$ support and 1.3100$ resistance.

Trend forecast: Bearish