Gold price could not manage to hold for long time above 1825.15, to trade with clear negativity and head towards achieving more expected decline in the upcoming sessions, targeting testing 1797.00 mainly.

Therefore, the bearish bias will be expected for today, noting that breaching 1825.15 will stop the expected negative pressure and lead the price to resume the bullish wave that its next positive target located at 1860.00.

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

The expected trend for today: Bearish

The USDCAD pair shows some slight bullish bias to test the first key resistance 1.2500, accompanied by stochastic loss to the positive momentum, while the EMA50 continues to press negatively on the price.

Therefore, the chances valid to continue the correctional bearish trend, which targets 1.2407 followed by 1.2313 levels as next negative stations, reminding you that it is important to hold below 1.2500 to achieve these targets.

The expected trading range for today is between 1.2400 support and 1.2520 resistance.

The expected trend for today: Bearish

The USDJPY pair fluctuates near the EMA50 and settles below it, to keep the negative pressure valid, noticing that stochastic overlaps negatively to support the chances of resuming the negative trades to break 109.22 and confirm extending the bearish wave on the intraday and short term basis, as our next target reaches 108.45.

Therefore, our bearish overview will remain valid and active conditioned by the price stability below 110.25.

The expected trading range for today is between 108.80 support and 110.25 resistance

The expected trend for today: Bearish

The GBPUSD pair shows negative trades to test the key support 1.3890, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend valid for the upcoming period, as breaking it will press on the price to decline towards 1.3745 before any new attempt to rise.

The EMA50 and stochastic provide positive signals that support the expectations to continue the bullish trend in the upcoming sessions, reminding you that our waited targets begin at 1.4000 and extend to 1.4240.

The expected trading range for today is between 1.3830 support and 1.4000 resistance.

The expected trend for today: Bullish