Gold price keeps declining to reach 2016.90 level, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario valid and active, supported by stochastic reach to the oversold areas, waiting to rebound bullishly to head towards 2065.70 as a main target.

On the other hand, we should note that breaking 2016.90 will stop the positive scenario and force the price to continue the decline to open the way to visit the next correctional level that reaches 1977.46.

The expected trading range for today is between 2020.00 support and 2055.00 resistance.

The expected trend for today: Overall bullish

The GBPUSD pair settles below 1.2645 level, to keep the correctional bearish scenario valid for the upcoming period, which targets 1.2540 as a next station.

Stochastic positivity might cause some temporary sideways fluctuation before resuming the expected bearish wave, which will remain valid conditioned by the price stability below 1.2645.

The expected trading range for today is between 1.2510 support and 1.2650 resistance.

The expected trend for today: Bearish

The EURUSD pair continues to fluctuate at the key support 1.0765 and attempts to break it, to keep the bearish trend scenario suggested for today, supported by the negative pressure formed by the EMA50, reminding you that our next target reaches 1.0645.

On the other hand, we should note that failing to confirm breaking 1.0765 will lead the price to build intraday bullish wave and head to visit 1.0865 mainly.

The expected trading range for today is between 1.0690 support and 1.0840 resistance.

The expected trend for today: Bearish

The GBPCAD pair confirmed its surrender to the domination of the bearish bias by forming many bearish waves recently and approach the MA55 at 1.6962, reminding you that the bearish scenario mainly depends on the stability of 1.7190 resistance, in addition to 1.7090 level attempt to form additional barrier against the bearish trades.

Also, facing continuous negative pressures caused by stochastic fluctuation near 20 level will force the price to form new negative waves, to expect moving towards 1.6920 followed by reaching the next main target at 1.6825.

The expected trading range for today is between 1.7060 and 1.6920

The expected trend for today: Bearish