Gold price rallied upwards to breach 1230.00 level and settles above it now, to activate the positive effect of the bullish pennant pattern, motivated by stochastic positivity, waiting to test 1238.30 level as a first station, reminding you that breaching this level will lead the price to head towards 1262.50 on the near term basis, while holding above 1220.00 represents the first condition to continue the expected rise.

Expected trading range for today is between 1210.00 support and 1240.00 resistance.

Expected trend for today: Bullish

The GBPUSD pair found solid support at 1.2962, to provide positive trades now and test 1.3000 barrier, while the negative effect of the double top still valid, depending on the price stability below 1.3085, reminding you that our next main target is located at 1.2900.

Expected trading range for today is between 1.2860 support and 1.3020 resistance.

Expected trend for today: Bearish

The EURUSD pair shows some slight bullish bias affected by stochastic positivity, but it’s still below the key resistance 1.1525, to keep the bearish trend scenario valid for the rest of the day, which conditions the price stability below the mentioned level, reminding you that breaking 1.1443 is required to head towards 1.1300 as a next main station.

Expected trading range for today is between 1.1350 support and 1.1525 resistance.

Expected trend for today: Bearish

Copper price still need positive momentum, which leads it to form more of the intraday sideways trading as appears in the above image, we will depend on forming an extra support at 2.7200 level currently until gathering the positive momentum, which assists achieving the waited positive targets at 2.8500 reaching to 2.9100.

Expected trading range for today is between 2.7200 and 2.8500

Expected trend for today: Bullish