Gold declined in its last trading on the intraday basis, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressures on the price, especially with the dominance of the main bearish trend on the short-term basis, with the trading alongside supportive trend line for this path.

The EURUSD pair settles with gains in its last intraday trading, with the beginning of positive overlapping signals appearing on the relative strength indicators, providing bullish momentum that helps the price to settle against the negative pressures that are represented by its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis.

The CHFJPY formed some bullish corrective trading, to retest the resistance at 200.50, forming bearish waves, to settle near 199.70 level, confirming the stability of the previously suggested bearish scenario.

the stability of the moving average 55 below the previously mentioned resistance will confirm the price confinement within the bearish track, to keep waiting for forming new bearish waves, to target 199.10 level, then to attempt to break 198.80 barrier to ease the mission of targeting more negative stations in the upcoming period.

The expected trading range for today is between 198.80 and 200.00

Trend forecast: Bearish

Natural gas prices didn’t move anything in the last trading, to keep its negative stability below $3.520, fluctuating in sideways range near $3.300 level, keeping its move below the moving average 55.

The attempt of stochastic to provide negative momentum that will increase the chances of forming new bearish waves, to expect reaching $3.150, to press on the initial support near $2.920, while breaching the mentioned barrier and holding above it will confirm its move to the positive path, to increase the chances of recording several gains by its rally gradually towards $3.620 and $3.860. 

The expected trading range for today is between $3.150 and $3.380

Trend forecast: Bearish