Gold price tested the key resistance that declines now to 1518.00 and bounced bearishly from there, to keep the price confined between the key levels represented by 1485.00 support and 1518.00 resistance, which makes us continue with our neutrality until the price manages to breach one of the mentioned levels.

We remind you that breaching the mentioned resistance will lead the price to regain the main bullish trend that its first target located at 1555.00, while breaking the support will put the price under the correctional bearish pressure again, to head towards negative targets that begin at 1447.00 and extend to 1413.10.

The expected trading range for today is between 1485.00 support and 1530.00 resistance.

The expected trend for today: Neutral

The USDCAD pair shows negative trades now to approach testing the key support 1.3286, as the price is affected by stochastic negativity, and as long as the price is below this level, our bullish overview will remain valid for the upcoming period, which targets 1.3382 mainly.

We remind you that breaking 1.3286 will put the price under negative pressure that will turn the intraday track to decline and achieve targets that begin at 1.3240 and might extend to 1.3155.

The expected trading range for today is between 1.3240 support and 1.3400 resistance.

The expected trend for today: Bullish

The USDJPY pair begins today’s trading with clear rise to test the key resistance 107.70 and keeps its stability below it until now, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the bearish bias in the upcoming sessions.

Therefore, the bearish trend scenario will remain valid for the upcoming period conditioned by the price stability below the mentioned resistance, reminding you that our targets begin at 106.70 and extend to 106.06 followed by 105.50 after surpassing the first target.

The expected trading range for today is between 106.60 support and 108.10 resistance

The expected trend for today: Bearish

The GBPUSD pair found good support base at 1.2200 barrier, to show some slight bullish bias now, affected by stochastic positivity, while the EMA50 keeps forming negative pressure against the price.

In general, the price stability below 1.2295 keeps our bearish overview valid for the upcoming period, and the price needs to surpass 1.2200 to confirm rallying towards 1.2100 that represents our next main target.

The expected trading range for today is between 1.2120 support and 1.2295 resistance.

The expected trend for today: Bearish