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

Gold price forecast update 17-12-2024

Economies.com
2024-12-17 09:13AM UTC

Gold price begins to press on 2645.00$ level, waiting to break this level to confirm the continuation of the bearish wave and achieve our negative targets that start at 2615.00$ followed by 2600.00$, to continue suggesting the bearish trend for today unless the price rallied to breach 2683.20$ and hold above it.

 

The expected trading range for today is between 2635.00$ support and 2670.00$ resistance.

 

Trend forecast: Bearish

The GBPUSD forecast update 17-12-2024

Economies.com
2024-12-17 09:12AM UTC

The GBPUSD price fluctuates around the EMA50, and as long as the price is below 1.2735$, our bearish overview will remain valid for the upcoming period, waiting to get negative motive that push the price to resume the decline that its next target located at 1.2566$.

 

The expected trading range for today is between 1.2600$ support and 1.2750$ resistance

 

Trend forecast: Bearish

The EURUSD price forecast update - 17-12-2024

Economies.com
2024-12-17 09:12AM UTC

The EURUSD price shows bearish bias to reach 1.0475$ level, waiting to break this level to confirm the continuation of the bearish wave and head towards 1.0400$ that represents our next target, to continue suggesting the bearish trend for the upcoming sessions unless the price rallied to breach 1.0563$ and hold above it.

 

The expected trading range for today is between 1.0440$ support and 1.0580$ resistance

 

Trend forecast: Bearish

The CHFJPY repeats the pressure on the barrier – Forecast today – 17-12-2024

Economies.com
2024-12-17 05:46AM UTC

The CHFJPY price took advantage of the positive momentum provided by stochastic to continue pressing on 50% Fibonacci correction level that forms key barrier at 172.65, attempting to find a way to resume the bullish attempts and record additional gains in the upcoming period.

 

The price might form some sideways trades to keep waiting to achieve the required breach and open the way to reach 173.50 level, while surpassing it will push the price towards 174.40 as a next main target.

 

The expected trading range for today is between 171.95 and 173.50

 

Trend forecast: Bullish