Gold price settles above the bullish trend line until now, and the EMA50 continues to support the price from below, while the positive signals appear through stochastic.
Therefore, we will keep our bullish overview conditioned by the price stability above 1410.90, reminding you that our main targets begin at 1450.00 and extend to 1500.00 after breaching the previous level.
The expected trading range for today is between 1415.00 support and 1460.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair resumes its negative trading to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend for the rest of the day, on its way to achieve our negative targets that start at 1.2400 and extend to 1.2300, reminding you that it is important to hold below 1.2550 to achieve the suggested targets.
The expected trading range for today is between 1.2400 support and 1.2580 resistance.
The expected trend for today: Bearish
The EURUSD pair did not show any strong move since morning, to fluctuate near 1.1180, and stochastic shows positive signals that might push the price to test 1.1290 in the upcoming sessions, to keep the price confined between these levels that represent the next trend keys.
Therefore, the sideways track will remain suggested on the intraday basis until the price manages to breach one of the above mentioned levels followed by heading towards the morning mentioned targets.
The expected trading range for today is between 1.1130 support and 1.1300 resistance.
The expected trend for today: Sideways
Copper price postponed the bullish attack due to stochastic negative pressures that exited the overbought areas, while the stability within the bullish channel reinforces the bullish overview for the upcoming period, waiting to gather new positive momentum followed by extending trading towards 2.7800 followed by 2.8400.
The expected trading range for today is between 2.7220 and 2.8000
The expected trend for today: Bullish