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

Gold price forecast update 17-01-2025

Economies.com
2025-01-17 09:14AM UTC

Gold price shows some slight bearish bias to head towards potential test to 2700.00$ barrier, waiting to get positive motive that push the price to resume the main bullish wave, which its targets begin by surpassing 2730.00$ to confirm opening the way to head towards 2790.00$.

 

On the other hand, we should note that breaking 2680.00$ will stop the bullish wave and force the price to turn to decline.

 

The expected trading range for today is between 2700.00$ support and 2740.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 17-01-2025

Economies.com
2025-01-17 09:14AM UTC

The GBPUSD price managed to break the bearish flag’s support line and attempts to hold below it, reinforcing the expectations of continuing the bearish trend for the of the day, opening the way to head towards our main waited target at 1.2045$.

 

Therefore, we will continue to suggest the bearish trend for the upcoming sessions unless the price rallied to breach 1.2300$ and hold above it.

 

The expected trading range for today is between 1.2150$ support and 1.2300$ resistance

 

Trend forecast: Bearish

The EURUSD price forecast update - 17-01-2025

Economies.com
2025-01-17 09:14AM UTC

The tight range keeps dominating the EURUSD price trades, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.0325$, reminding you that our targets begin at 1.0220$ and extend to 1.0100$ after breaking the previous level.

 

The expected trading range for today is between 1.0210$ support and 1.0365$ resistance

 

Trend forecast: Bearish

The EURGBP confirms the positivity – Forecast today – 17-1-2025

Economies.com
2025-01-17 08:44AM UTC

The EURGBP price confirmed its surrender to the domination of the bullish bias by testing the additional support 0.8400 and hold above it, forming new bullish rally this morning to record 0.8453 level.

 

Stochastic current fluctuation below 80 level might force the price to provide temporary sideways fluctuation until gathering the positive momentum to manage to attack 0.8465 barrier and achieve the required breach to succeed to record additional gains by rallying towards 0.8490 followed by 0.8525 levels.

 

The expected trading range for today is between 0.8400 and 0.8465

 

Trend forecast: Bullish