End of day gold price forecast update - 31-05-2024
Economies.com
2024-05-31 16:46PM UTC
Gold price resumes its negative trading to trade below 2340.10$, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our waited target is located at 2272.06$, while achieving it requires holding below 2360.00$.
End of day EURUSD price forecast update - 31-05-2024
Economies.com
2024-05-31 16:46PM UTC
The EURUSD price rallied upwards strongly to attempt to breach 1.0850$ level, but it returns to trade below it again, which keeps the bearish trend scenario valid for the upcoming period, which depends on the price stability below the mentioned level, reminding you that breaking 1.0810$ is required to reinforce the chances of rallying towards 1.0785$ followed by 1.0713$ as next main targets.
Brent oil price forecast update 31-05-2024
Economies.com
2024-05-31 11:13AM UTC
Price Analysis: Brent Oil
Expected Scenario
- Brent oil price settles below 82.45$ level, to keep the bearish trend scenario valid for today, waiting to resume the negative trades and head towards 80.08$ as a next main target.
- Breaking 81.85$ will ease the mission to decline towards the suggested target, while breaching 82.45$ represents the key to start intraday bearish wave and achieve gains that reach 84.77$.
Expected Trading Range
Between 80.00$ support and 83.00$ resistance.
Trend Forecast: Bearish
Crude oil price forecast update 31-05-2024
Economies.com
2024-05-31 11:13AM UTC
Price Analysis: Crude Oil
Expected Scenario
- Crude oil price shows bullish bias to test minor resistance at 78.25$, noting that breaching this level will push the price to achieve intraday gains and turn to rise for the rest of the day, to target testing 79.60$ areas before turning to decline again.
- The price needs to break 77.64$ to reinforce the expectations of continuing the domination of the bearish trend that its next targets reach 76.45$ followed by 75.25$.
Expected Trading Range
Between 76.00$ support and 79.00$ resistance.
Trend Forecast: Bearish
Frequently asked questions
What is the price of Gold today?
The price of Gold is $3372.720 (2025-08-05 05:55AM UTC)