Gold price shows a bearish bias now to test the EMA50, and it remains confined between the trend keys that are represented by 1485.00 support and 1520.00 resistance, keeping our neutral attitude remains valid until now, waiting for breaching one of these levels to detect the next targets clearly, pointing that the details of the expected targets from the breach appear clear in our morning reports.
The expected trading range for today is between 1485.00 support and 1525.00 resistance.
The expected trend for today: Neutral
The GBPUSD pair rallied to the upside to test the critical resistance at 1.2295 and bounced lower from there, keeping the bearish trend scenario valid and active for today, depending on the stability below the mentioned level, pointing that breaking 1.2215 will ease the price mission to achieve our next negative target at 1.2100.
The expected trading range for today is between 1.2120 support and 1.2295 resistance.
The expected trend for today: Bearish
The EURUSD pair provided positive trading today, to approach from the bearish channel’s resistance, and begins declining now, to keep the bearish trend scenario active and valid for today, targeting 1.0857 level as a next main station, reminding you that the continuation of the expected decline conditioned by the stability of the daily close below 1.1020 level.
The expected trading range for today is between 1.0860 support and 1.1040 resistance.
The expected trend for today: Overall Bearish
Copper price is forced yesterday to provide some of the bearish correctional rebound, approaching from the critical support at 2.5500, the stability of the support confirms its readiness to renew the bullish attempts, to wait for reaching 2.5900 level reaching to 38.2% Fibonacci correction level at 2.6200.
Stochastic surpass to the oversold level reinforces our bullish suggestion in the current period by providing a new positive momentum, to increase the chances for reaching the waited targets.
The expected trading range for today is between 2.5500 and 2.6200
The expected trend for today: Bullish