Gold price rose in its recent intraday trading, benefiting from the positive signals emerging on the relative strength indicators, attempting to recover some previous losses, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, with its trading alongside trend line, on the other hand, the relative strength indicators have reached exaggerated overbought levels compared to the price move, in a clear signals for a quick lost for the bullish momentum.

The EURUSD pair kept rising in its last intraday trading, supported by the emergence of positive signals from the relative strength indicators, after reaching oversold levels, attempting to correct the bearish trend on the short-term basis, amid its trading alongside supportive trend line for this path, to reach EMA50’s resistance, threatening these intraday gains, opening the way for potential rebound.

The GBPCHF formed some bullish corrective waves in its last trading, benefiting from the positive momentum by the main indicators, reaching %38.2 Fibonacci correction level at 1.0640, which forms a key barrier against the current trading.

The continuation of the stability below the current barrier will increase the chances of renewing the bearish attempts, to expect targeting 1.0580 which represents the moving average 55, to confirm surpassing it to open the way for reaching extra negative stations that might begin at 1.0550 and 1.0520.

The expected trading range for today is between 1.0580 and 1.0630

Trend forecast: Bearish

Natural gas price faced temporary bearish pressures by providing a new positive close above $3.150, to begin forming some bullish waves by its stability near $3.250.

The moving average 55 surpasses $3.360 to resume the bullish attempts until achieving the main targets at $3.520 and $3.680.

The expected trading range for today is between $3.150 and $3.520

Trend forecast: Bullish