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Gold price begins positively – Forecast today - 11-04-2024

Economies.com
2024-04-11 04:20 UTC

Gold Price Analysis

Expected Scenario

  • The gold price begins today positively, aiming to resume the main bullish trend.
  • To do so, it needs to breach the minor resistance at 2352.50$.

Expected Outcome

Positive signals from technical indicators support the continuation of the suggested bullish wave.

Note that breaking 2326.50$ may put the price under intraday negative pressure.

Expected Trading Range

Between 2335.00$ support and 2370.00$ resistance.

Trend Forecast: Bullish

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The USDCAD price exits the sideways track – Forecast today - 11-04-2024

Economies.com
2024-04-11 04:20 UTC

We expect to witness further rise in the upcoming sessions, organized inside the bullish channel visible on the chart.

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The USDJPY price resumes the bullish track – Forecast today - 11-04-2024

Economies.com
2024-04-11 04:19 UTC

The bullish channels support the continuation of the expected bullish wave, which receives good support from the EMA50.

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The GBPUSD price returns to the correctional bearish track - Forecast today - 11-04-2024

Economies.com
2024-04-11 04:18 UTC

We expect to witness more decline in the upcoming sessions. Breaching 1.2580$ will halt the current negative pressure and lead the price to attempt to build a new bullish wave targeting 1.2700$ as a first positive station.

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