Gold price fluctuates around the bearish channel’s resistance and keeps its stability below it until now, accompanied by witnessing clear negative signals through stochastic, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday basis, which its targets begin by testing 1447.00 level.

The EMA50 supports the expectations of the decline, reminding you that surpassing the mentioned target will push the price to 1413.10 as a next station, while breaching 1472.00 will lead the price to test the key resistance 1489.00 before any new attempt to decline.

The expected trading range for today is between 1447.00 support and 1480.00 resistance.

The expected trend for today: Bearish

The USDCAD pair provided more negative trades to test 1.3200 level and settles there now, and as we mentioned in our recent reports, we depend on the price stability above 1.3155 to keep the bullish trend scenario active for the upcoming period, as breaking it will press on the price to turn to decline, while the price needs to breach 1.3240 to reinforce the chances of achieving our positive targets that begin at 1.3295 and extend to 1.3380 after surpassing the previous level.

The expected trading range for today is between 1.3150 support and 1.3295 resistance.

The expected trend for today: Bullish

The USDJPY pair returns to test the key support 108.40 and still above it until now, noticing that stochastic gets rid of its negativity to reach the oversold areas, waiting to motivate the price to rebound bullishly to resume the expected bullish trend for the upcoming period, which its first target located at 109.33.

Therefore, the bullish trend will remain valid on the intraday and short term basis, noting that breaking 108.40 will press on the price to turn to decline and visit 107.45 areas initially.

The expected trading range for today is between 108.00 support and 109.30 resistance

The expected trend for today: Bullish

The GBPUSD pair confirmed breaching the bullish flag resistance after closing the daily candlestick above it, reinforcing the expectations of continuing the bullish trend in the upcoming period, which targets 1.3045 level as a first main target.

The EMA50 supports the price from below, while stochastic begins to get rid of its negative momentum to get additional positive motive that supports the expectations of achieving more gains today, taking into consideration that the continuation of the suggested bullish wave conditions holding above 1.2840.

The expected trading range for today is between 1.2880 support and 1.3045 resistance.

The expected trend for today: Bullish