The price of (Gold) witnessed strong gains in its last intraday trading, to succeed in settling above $3,360, in an attempt to surpass the negative pressure on the EMA50, supported by the emergence of the positive signals on the (RSI), despite reaching overbought levels, amid the dominance of minor bullish wave on the short-term basis and its trading alongside a supportive trend line, reinforcing its stability on the near-term basis.

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The price of (EURUSD) soars high in its last intraday trading, amid its trading alongside a minor bullish trend on the short-term basis, indicating the strength of the this track, amid the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels, reinforcing the stability of the positive station around the pair.

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The GBPCAD succeeded in confirming the bullish scenario by its stability within the bullish channel’s levels, to surpass the moving average 55 at 1.8400, to open the way for achieving new gains by its rally towards 1.8605.

Note that reaching the next barrier at 1.8650 level is possible, which forces it to provide sideways trading until it reaches this level and the extra positive stations at 1.8690 and 1.8770.

The expected trading range for today is between 1.8550 and 1.8690

Trend forecast: Bullish

Natural gas price confirmed its move to the negative track by providing new bearish close below $3.050 level, reaching $2.810 to approach from the initial main target at $2.720.

The continuation of providing negative momentum by the main indicators makes us expect to break $2.720 level, to open the way for targeting new bearish stations by reaching $2.550 followed by $2.550 reaching the main target at $2.390, which represents a strong support against the bearish attempts.

The expected trading range for today is between $2.550 and $ 2.950

Trend forecast: Bearish