Gold price settles on sharp losses during its latest intraday trading, to break $4,400 support, which represented a morning expected target, with the continuation of the negative pressure that comes from its trading below EMA50, with the dominance of the main bearish trend on the short-term basis and its trading alongside minor supportive trend line for this path, noticing the emergence of negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses in the near upcoming period.

The EURUSD pair rose during its recent intraday trading, due to the stability of the key support level at 1.1590, gaining some bullish momentum that helped it recover some previous losses, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of the bearish corrective trend on short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, keeping the negative overview unless it witness clear reversal signals in the upcoming near period.

The AUDCAD remains stable until this moment below the resistance level at 0.9960, to increase the chances of activating the bearish corrective trend, reaching towards 0.9840.

The attempt of Stochastic to exit the overbought level will increase the negative pressure in the current period, to keep preferring the corrective attempts, which might target 0.9760 level reaching the next support at 0.9675 level.

The expected trading range for today is between 0.9760 and 0.9900

Trend forecast: Bearish

Natural gas price returned to provide weak sideways trading by its fluctuating near $3.080 level, affected by the stability of the barrier at $3.150, which obstructs the chances of resuming the previously suggested bullish trend.

We will depend on the attempt of forming extra support at $2.9000 level, note that stochastic reach to the overbought level makes us wait for breaching the current barrier, to open the way for recording extra gains that might begin from $3.350 reaching $3.520 level.

The expected trading range for today is between $2.900 and $3.350

Trend forecast: Sideways