Gold price settle in a slight decline during its recent intraday trading, to exit the range of a short-term negative technical formation represented by a rising wedge pattern. However, it quickly rebounded upward, supported by ongoing positive pressure as it continues to trade above EMA50. This has provided the price with some positive momentum to recover some of its clear oversold conditions on the relative strength indicators, especially with the beginning of a positive crossover appearing on the indicator.

The EURUSD pair kept declining during recent intraday trading, surpassing EMA50’s support, to end the chances of the bullish corrective trend continuation that dominated the previous short-term trading, especially with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels, which might make us witness some fluctuation or cautious rebounds that aimed to recover some of its morning losses for today, however the surrounding expectations remain bearish.

There is no change in the GBPCAD price track, due to its repeated stability below 1.8515 resistance, activating with stochastic negativity and forming some negative trading, to settle near 1.8405.

The stability of the moving average 55 above the price trading will increase the chances of providing the required extra negative momentum for resuming the bearish attempts, which might target 1.8320 obstacle, where breaking it will extend the trading directly towards 1.8275.

The expected trading range for today is between 1.8230 and 1.8460

Trend forecast: Bearish

Natural gas prices keep forming slow trading, fluctuating in the last trading near $2.850, keeping the negative stability that depends on forming main barrier at $3.450.

The continuation of providing negative momentum by the main indicators makes us wait for confirming breaking $2.820 level, to reach the next support near $2.620, to monitor its behavior due to the importance of this support to detect the main trend in the upcoming trading.

The expected trading range for today is between $2.620 and $3.100

Trend forecast: Bearish