Gold price shows additional positive trades to breach 1797.00 level and opens the way to achieve more expected gains for the rest of the day, making the bullish bias suggested in the upcoming sessions unless breaking 1797.00 and holding below it again, noting that the main waited target is located at 1825.15.
The expected trading range for today is between 1780.00 support and 1815.00 resistance.
The expected trend for today: Bearish
The GBPUSD pair shows mixed trades since morning, achieving some gains now, but as long as the price is below 1.3355, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target extends to 1.3160.
The expected trading range for today is between 1.3210 support and 1.3360 resistance.
The expected trend for today: Bearish
The EURUSD pair rallies upwards to test the key resistance 1.1275, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario active for the rest of the day, and it needs to break 1.1200 to reinforce the chances of heading towards the next main negative target at 1.1145.
The expected trading range for today is between 1.1140 support and 1.1275 resistance.
The expected trend for today: Bearish
The AUDCHF pair exited the sideways range by gathering the additional negative momentum, to notice the beginning of forming strong negative trades and achieve some negative targets by reaching 0.6635.
We remind you that the bearish track depends on the stability of the major resistance at 0.7000, also, the moving average 55 forms additional barrier by settling near 0.6790, to increase the chances of gathering the negative momentum, waiting to achieve additional negative targets that might start at 0.6580 followed by reaching 23.6% Fibonacci correction level at 0.6515.
The expected trading range for today is between 0.6735 and 0.6580
The expected trend for today: Bearish