Gold price shows some bullish bias after the strong decline that it witnessed in the past sessions, to test a minor resistance level located at 1785.00, affected by the positivity of the stochastic indicator. Meanwhile, the EMA50 forms negative pressure in front of the price, which supports the chances of achieving new negative trades in the upcoming sessions.

Therefore, the bearish bias will be expected for today unless the price rushes to breach the 1797.00 level and stabilize above it, noting that the expected targets start at 1770.00 and extend to 1734.00 after breaking the previous level.

The expected trading range for today: between the support 1770.00 and the resistance 1795.00

The forecast general trend for today: bearish

The pound sterling against the dollar fell strongly last Friday, breaking the 1.3720 level and reaching the first negative target at 1.3665. The price completed forming a double top pattern that supports the chances of achieving a more expected decline in the upcoming sessions, to surpass the current level and reach 1.3605 as a next target.

Therefore, we expect the price to witness additional negative trades today, supported by the move below the EMA50, taking into consideration that breaching 1.3720 will stop the current negative pressure and lead the price to attempt a recovery.

 The expected trading range for today: between the 1.3580 support and the 1.3750 resistance

 The forecast general trend for today: bearish

Gold price is facing negative pressure now to test the first pivotal support 1797.00. Considering that, the price continues to move within the bullish intraday channel, and obtains positive support from the EMA50, in conjunction with the stochastic indicator reaching the oversold areas.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, whose next target is at 1825.15. Remember that breaking 1789.00 will stop the expected rise and pressure the price to turn to the downside.

The expected trading range for today: between the support 1785.00 and the resistance 1820.00

The forecast trend for today: bullish

The GBP/USD pair succeeded in touching our first awaited target at 1.3750 and is making attempts to breach it. It supports the continuation of the bullish trend's dominance over the intraday and short term, with the next target extending to 1.3910.

Moving above the EMA50 supports the expected rise, noting that failure to achieve the required breach will push the price to test 1.3720 areas again before any new attempt to rise.

The expected trading range for today: between 1.3720 support and 1.3890 resistance

The forecast trend for today: bullish

Gold price trades positively: it breached the 1797.00 level and attempts to hold above it to activate the bullish trend scenario on the intraday term, which is regular within the bullish channel that appears on the chart. The price’s goal is to visit the 1825.15 level.

The moving average 50 supports the suggested positive scenario, as it carries the price from below. However, breaking the levels 1797.00 and then 1787.00 will stop the expected bullish trend and pressure the price to turn to the downside.

The expected trading range for today: between the support 1785.00 and the resistance 1820.00

The forecast trend for today: bullish

The GBP/USD pair tested the pivotal support 1.3720 and kept its stability above it, to start today with a bullish bias in an attempt to move away from this level. This keeps the bullish trend scenario valid on the intraday and short term, waiting to test the 1.3795 level initially, whose breach would be the key to rushing towards 1.3910 as the next stop.

A breach of 1.3750 will facilitate the price's mission to achieve the expected rise, while breaking 1.3720 will push the price to a new decline, targeting the 1.3665 level before any new attempt to rise.

The expected trading range for today: between 1.3680 support and 1.3840 resistance

The forecast trend for today: bullish

Currency pair analysis for today, October 26th: GBP/USD

The GBP/USD pair continues to fluctuate at the ascending channel's support, and is getting continuous support from the EMA50, while the stochastic indicator is showing positive signs now.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, whose targets begin by breaching 1.3795 to confirm the rally towards 1.3910, reminding you that holding above 1.3720 is important to achieve the suggested targets.

The expected trading range for today: between 1.3700 support and 1.3860 resistance

The forecast trend for today: bullish

Gold analysis for 26.10

Gold price confirmed breaching 1797.00 level after closing the daily candlestick above it, and settling around 1800.00 level, reinforcing the expectations of continuing the bullish trend during the upcoming sessions, which gets good support from the EMA50, and we believe that the way is open to achieve our main positive target at 1825.15.

Stability above 1797.00-1790.00 levels is important for the continuation of the positive trades, as breaking it will pressure the price to turn to the downside on the intraday term to test the 1770.00 level before any new positive attempt.

The expected trading range for today: between the support 1790.00 and the resistance 1825.00

The forecast trend for today: bullish

#KMB

The overall trend is upward. The support level of 128.64 is holding back sellers. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed.

Stop loss under the local minimum (128.64).

Target levels: 133.80; 137.73; 142.82.

EURUSD

The pair remains under pressure amid the publication of strong data on the number of new jobs in the US from ADP. If the official values from the Ministry of Labor are already higher than the forecast, this will strengthen the local decline of the pair.

Technical side:

The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI lies on the border of the oversold zone. Stoch are also located in this area.

Trading idea:

If the pair drops below 1.2100 following positive news for the US dollar, it will decline to 1.2050. Another scenario is possible if the data is worse than expected. In this case, the pair will recover to 1.2160.