Gold Price Forecast

• Gold price trades negatively now, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the expected bullish trend for today, which targets 2510.00$ as a next main station.
• On the other hand, we remind you that breaking 2325.90$ will put the price under the correctional bearish pressure again, to head towards 2260.60$ as a next negative target.

The expected trading range for today is between 2360.00$ support and 2410.00$ resistance.

Trend forecast: Bullish

GBPUSD Price Forecast

• The GBPUSD price fluctuates positively now to head towards potential test to the key resistance 1.2480$, affected by the RSI positivity, waiting to get negative motive that assist to push the price to resume the correctional bearish trend, which its targets begin at 1.2385$ and extend to 1.2265$ in case breaking the previous level.
• In general, we will continue to suggest the bearish trend for today unless breaching 1.2480$ and holding with a daily close above it.

The expected trading range for today is between 1.2335$ support and 1.2500$ resistance.

Trend forecast: Bearish

EURUSD Price Forecast

• The EURUSD price finds good support at 1.0600$ barrier, to show some slight bullish bias, but as long as the price is below 1.0645$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1.0525$ and extend to 1.0450$.

The expected trading range for today is between 1.0520$ support and 1.0670$ resistance.

Trend forecast: Bearish

Ethereum Price Analysis

Ethereum price (ETHUSD) ended yesterday below $3,132.80, falling under expected negative pressure in the upcoming sessions, targeting visiting $2,905.28 as the next main station.

• EMA50 influence: Forms negative pressure that supports the suggested bearish wave, noting that breaching $3,132.80 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
• Expected trading range for today: Between $2,940.00 support and $3,200.00 resistance.
• Trend forecast: Bearish