Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Gold price forecast update 06-01-2025

Economies.com
2025-01-06 09:43AM UTC

Gold price faces negative pressure to break 2640.00$ and attempt to hold below it, which urges caution from the upcoming trading, as holding below this level represents the key to turn to decline and stop the positive scenario suggested for today, to head towards visiting 2600.00$ initially.

 

Stochastic shows positive signals that support the chances of regaining the bullish track that its next main target located at 2700.00$.

 

The expected trading range for today is between 2625.00$ support and 2660.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 06-01-2025

Economies.com
2025-01-06 09:43AM UTC

The GBPUSD price rallied upwards to breach 1.2470$ level and attempt to hold above it, to head towards achieving more expected rise in the upcoming sessions, targeting testing 1.2566$ mainly.

 

Therefore, the bullish bias will be suggested for the rest of the day, taking into consideration that trading below 1.2470$ again will push the price to resume the main bearish trend that its targets begin by breaking 1.2390$ to open the way to head towards 1.2300$.

 

The expected trading range for today is between 1.2400$ support and 1.2540$ resistance

 

Trend forecast: Bullish

The EURUSD price forecast update - 06-01-2025

Economies.com
2025-01-06 09:43AM UTC

The EURUSD price show clear rise now to breach the first resistance 1.0325$ and begins to test the second key resistance 1.0370$, which urges caution from the upcoming trading, as continuing the rise and breaching the last level will lead the price to achieve more gains and target 1.0460$ areas initially.

 

Until now, the bearish trend scenario still active as long as 1.0370$ level remains intact, reminding you that the main waited target reaches 1.0170$.

 

The expected trading range for today is between 1.0240$ support and 1.0380$ resistance

 

Trend forecast: Bearish

Coffee price leans above key support line – Forecast today – 6-1-2025

Economies.com
2025-01-06 05:25AM UTC

Coffee price formed some correctional negative trades recently to target 312.40 support line and hold above it, to notice recording some intraday gains by targeting 329.10 level.

 

We assure the importance of gathering the additional positive momentum to agree the positive stability above the mentioned support line to manage to form new bullish waves and target 335.00 followed by reaching the recently recorded high at 347.85.

 

The expected trading range for today is between 314.00 and 335.00

 

Trend forecast: Bullish