Gold price continues to rise to gradually approach our waited target at 1346.70, and it gets continuous support by the EMA50, to keep the bullish trend active for the rest of the day, which its targets extend to reach 1365.25 after surpassing the previous level, while its continuation conditions holding above 1320.30.
The expected trading range for today is between 1320.00 support and 1346.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair trades with calm positivity since morning to gradually crawl towards our first waited target at 1.2795, and the price continues to move inside the intraday bullish channel, to keep the bullish trend active in the upcoming sessions conditioned by the price stability above 1.2636, reminding you that surpassing the first target will push the price towards 1.2963 as a next main station.
The expected trading range for today is between 1.2630 support and 1.2800 resistance.
The expected trend for today: Bullish
The EURUSD pair shows tight trades since morning to settle around 1.1325, and as long as the price is above 1.1255, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, noting that we are waiting to visit 1.1443 as a next main station.
The expected trading range for today is between 1.1255 support and 1.1420 resistance.
The expected trend for today: Bullish
Copper price reached 2.7000 level yesterday, to move away from the bullish channel’s support line at 2.6300, hinting keeping the positive attempts, and despite the contradiction between the major indicators, we expect the price to take advantage of stochastic positivity to jump above 2.7200 level and increase the chances of reaching the next positive station at 2.7800.
The risks of facing losses will appear in case the price crawled below the bullish channel’s support line, as it will open the way to form strong negative attack and move towards 2.5370 followed by 2.4660 levels.
The expected trading range for today is between 2.6400 and 2.7200
The expected trend for today: Bullish