EUR/USD price fell in latest intraday trading in an attempt to gather positive momentum and shake off negative pressure from the 50-candle SMA, while venting off overbought saturation in the Stochastic, as the price trades within an ascending secondary price channel in the intraday levels.
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Gold price resumed its advance in latest intraday trading after trying to collect some recent profits and gather positive momentum to regain its footing, after reaching our price target of $3120, amid the complete dominance of the upward trend, while the price trades alongside the secondary short-term trend line.
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Natural gas price held its ground above the $3.750 support, forming a base for multiple ascending waves, with the price steadying near the $4.180 target, representing a strong barrier against upcoming bullish trading.
The Stochastic might provide the price with some positive signals soon which could boost it towards $4.260 then $4.480.
Expected trading range today is between $4.120 and $4.260.
Today’s price forecast: Bullish
Platinum price kept trying to regain the upward trend with positive signals from major indicators, thus holding its ground above the 55 SMA, which recently represented an additional support at $964.00, with the price snagging some gains by wavering near $990.00.
The price will likely form additional ascending waves and might try to pressure the $1000.00 barrier, with a breach sending the price towards the 61.8% Fibonacci retracement level near $1017.
Expected trading range today is between $975 and $1000.
Today’s price forecast: Bullish