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

Gold price forecast update-16-04-2025

Economies.com
2025-04-16 09:43AM UTC

The Gold price extended its gains in the recent intraday trading, affected by the formed flag pattern on a short-term basis, to succeed in its last trading to surpass its main resistance at $3,300, supported by the domination of the main bullish trend and its trading alongside a minor trend line on the short-term basis, showing the strength of this trend.

EURUSD forecast update-16-04-2025

Economies.com
2025-04-16 09:42AM UTC

The EURUSD price declined in its last intraday trading, taking a short break gathering the gains it made by its recent rises, attempting to gain some of the positive momentum that help it to rise, and there are positive signs coming from the (RSI).

The CADCHF repeats the negative closes– Forecast today – 16-4-2025

Economies.com
2025-04-16 04:55AM UTC

The CADCHF confirmed the continuation of the bearish track by providing repeated closes within the bearish channel’s levels, besides reaching below the extra barrier at 0.6010, to notice continuing providing negative trading and holding near 0.5865.

 

Note that the convergence of the main indicators by providing negative momentum will increase the negative pressures on the current period trading, to keep waiting for targeting 0.5775 level, and surpassing it will lead the price to attack the bearish channel’s support at 0.5640.

 

The expected trading range for today is between 0.5775 and 0.5925

 

Trend forecast: Bearish

Natural gas price is under the negative pressure– Forecast today – 16-4-2025

Economies.com
2025-04-16 04:54AM UTC

Natural gas price confirmed its surrender to the bearish bias domination by providing new negative close below $3.640 level, to begin activating with the negativity of the main indicators by reaching $3.230.

 

Stochastic reach to the oversold level will increase the chances for gaining the extra negative momentum, which supports the chances for resuming the negative trading, targeting $3.190 and $3.110.

 

The expected trading range for today is between $3.190 and $3.480

 

Trend forecast: Bearish