The price of (Gold) rose on its last intraday trading, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, reducing the last gains, due to its neediness to offload some of this overbought level, amid the continuation of the positive pressure that comes from its trading above EAM50, and under the dominance of the main bullish trend and its trading alongside supportive minor bias line on the short-term basis.
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The price of (EURUSD) witnessed mixed trading in its last intraday levels, amid the pair’s attempts to breach the stubborn resistance at 1.1730, supported by its continuous trading above EMA50, under the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, the contradiction between these signals supported the last fluctuation.
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The GBPCHF formed a minor bearish channel in its last trading, fluctuating below the resistance at 1.0810, affected by the negativity of the moving average 55, which settles above the resistance to increase its stability against the current trading.
The beginning of providing negative momentum by stochastic will push the price to form strong bearish waves to expect reaching 1.0765, then attempts to renew the pressure on the barrier at 1.0730.
The expected trading range for today is between 1.0765 and 1.0800
Trend forecast: Bearish
Natural gas prices took advantage of the negative pressures that come from providing negative momentum by the main indicators, reaching below $3.050 yesterday, to begin recording some negative targets by reaching $2.920.
The continuation of the negative pressure on the price will increase the chances of attacking $2.820 level, confirming the importance of breaking it to open the way for resuming the negative attack by target the previously achieved bottom at $2.640
The expected trading range for today is between $2.820 and $3.000
Trend forecast: Bearish