Gold price settles at the waited target at 2868.80$, which represents 23.6% Fibonacci correction level for the rise from 2583.75$ to 2956.90$, and as we mentioned in our last technical update, breaking this level will push the price to achieve more bearish correction on the intraday and short-term basis.

The USDCAD price rallied upwards strongly yesterday to surpass our first target at 1.4400$ and approach the second target 1.4469$, and the way seems open to surpass this level to confirm the return to the main bullish track and achieve more gains in the upcoming period.

The USDJPY price provided new positive trades yesterday to reach 150.25 areas, and bounced bearishly after the EMA50 formed good resistance against the price, which supports the chances of achieving more expected decline in the upcoming sessions.

The GBPUSD price continued to decline yesterday to break 1.2605$ and close the daily candlestick below it, to start building bearish wave that we expect to target the bullish channel’s support line around 1.2440$ mainly, and it might extend to 1.2415$ before any new attempt to rise.