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Forecast update for gold-02-06-2025
The price of (gold) witnessed clear gains in its recent intraday trading, taking advantage of the dynamic support that is represented by its trading above its EMA50, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, to attack its current resistance at $3,655, amid its move with a minor bullish channel's range that limits its previous trading on the short-term basis.
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Forecast update for EURUSD-02-06-2025
The price of (EURUSD) extended its gains in its recent intraday trading, reaching our morning target and attacking the key resistance at 1.1420, supported by its trading above its EMA50, with its trading alongside a minor bullish trend line on the short-term basis.
MoreThe coffee price keeps declining – Forecast today – 2-6-2025
The coffee price surpassed the initial negative target by reaching below the moving average 55 at 359.70, announcing its surrender to the bearish correctional scenario by approaching from the next main target at 337.25.
MoreThe EURJPY losses the positive momentum– Forecast today – 2-6-2025
The EURJPY pair announced its readiness to activate the bearish correctional track by providing some negative trading by reaching below 163.35 level, stochastic exit from the overbought level might increase the negative pressure on the price, to keep preferring the bearish correctional bias domination, which might target 162.40 level reaching the support at 161.85.
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