The price of gold rose cautiously on its last intraday levels, after reaching $4,200 key support, which represented a price target  in our morning analysis, gaining some positive momentum that helped it to rebound quickly, especially with the emergence of positive signals from the relative strength indicators after reaching oversold levels, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the bearish corrective trend on short-term basis, which threatens any attempt to move higher in the upcoming period.

The price of EURUSD slipped lower during its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, breaking the 1.1530 support level, to turn its path downside, especially with surpassing EMA50, which intensifies the negative pressure amid the main bearish trend on short-term basis, increasing the possibilities for extending its losses in the upcoming near period.

Coffee prices succeeded by confirming the bullish scenario by surpassing the barrier at 300.75, to begin recording extra gains by its rally to 310.75.

In general, the bullish scenario will remain valid, depending on the stability of the main support at 275.90, by the continuation of providing positive momentum by stochastic will increase the chances of attacking 316.80 level, and surpassing it might extend the trading towards 323.50 and 331.00.

The expected trading range for today is between 298.00 and 316.80

Trend forecast: Bullish

The EURJPY pair moves away from 182.00 support, affected by the positivity of the main indicators, attacking the barrier at 184.20 which represents %66.8 Fibonacci corrective level as appears in the above image.

Note that the continuation of the stability below the barrier that might push it to provide new bearish trading, reaching 183.40 and 182.65, while breaching the barrier and holding above it will confirm its readiness to form strong bullish waves, to expect reaching 184.80, attempting to reach the next target near 185.45.

The expected trading range for today is between 183.40 and 184.20

Trend forecast: Fluctuating