Gold price resumes its positive trading to test the EMA50 now, waiting form ore rise for the rest of the day to visit 1489.00 that represents the main target of the suggested bullish wave, noting that breaching the mentioned level will lead the price to achieve more gains and head towards 1535.00 areas on the near term basis, while holding against the price’s rise will press on the price to rebound bearishly and resume the correctional bearish trend.

The expected trading range for today is between 1450.00 support and 1480.00 resistance.

The expected trend for today: Bullish

The GBPUSD pair did not show any strong move since morning, to continue fluctuating around the EMA50, thus, no change to the bullish trend scenario that its next main target located at 1.3045, while achieving it conditions holding above 1.2840 and 1.2800 levels.

The expected trading range for today is between 1.2770 support and 1.2940 resistance.

The expected trend for today: Bullish

The EURUSD pair tested 1.0995 level and continues to fluctuate near it, and as long as the price is below 1.1065, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1.0950.

The expected trading range for today is between 1.0920 support and 1.1065 resistance.

The expected trend for today: Bearish

Copper price kept the temporary correctional track by settling below 2.7000 barrier, affected by the frequent negative pressures caused by stochastic reach to the oversold areas.

Therefore, we will keep our bearish overview for now, reminding you that the negative targets located at 2.6050 followed by reaching the key support 2.5600.

The expected trading range for today is between 2.6550 and 2.6050

The expected trend for today: Bearish