The price of gold declined in its last intraday trading, taking a breather to gather the gains of its previous rises, and offloading some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, to gather bullish momentum for resuming its strong gains, amid the dominance of the main bullish trend on short-term basis with its trading alongside minor trend line.

The price of EURUSD declined on its last intraday trading, to gain bullish momentum to help it recover and rise again, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this trend, with the continuation of the positive support due to its trading above EMA50, besides the emergence of positive signals from relative strength indicators from relative strength indicators, after reaching oversold levels.

The CHFJPY resisted the intraday negative pressure due to stochastic reach below 50 level, to keep its stability within the bullish channel’s levels, to notice it continued fluctuation above the initial support at 198.75.

The main indicators attempt to provide bullish momentum will increase the chances of forming new bullish waves, to keep waiting for targeting 200.55 level, then recording the next main target at 202.20, which represents 216.8%Fibonacci extension level that appears in the above image.

The expected trading range for today is between 199.00 and 200.55

Trend forecast: Bullish

Natural gas price continued providing weak sideways trading, affected by the contradiction between the main indicators besides forming a significant obstacle against the attempts to renew the bullish attack, fluctuating near $3.850.

There is a chance for forming new bearish waves, to press on the moving average 55 at $3.450, and surpassing it might extend the losses towards $3.050, facing the extension of historical support, while the price success in surpassing $4.000 level and holding above it will allow it to renew the bullish attempts, to expect targeting $4.220 and $4.450 level.

The expected trading range for today is between $3.450 and $4.050

Trend forecast: Bearish