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Gold price forecast update 18-10-2024

Economies.com
2024-10-18 09:12AM UTC

Gold price shows some slight bearish bias now, affected by the overbought signals that appear through stochastic, waiting to gather positive momentum that assist to push the price to continue the rise and head towards our main expected target at 2745.00$.

 

In general, we will continue to suggest the bullish trend for today unless breaking 2685.50$ and holding below it.

 

The expected trading range for today is between 2695.00$ support and 2730.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 18-10-2024

Economies.com
2024-10-18 09:12AM UTC

The GBPUSD price trades with clear positivity to test the EMA50 that forms intraday resistance against the price and attempts to protect the expected correctional bearish scenario for the upcoming period, waiting to resume the bearish wave that its targets begin by breaking 1.3000$ to confirm rallying towards 1.2866$ as a next main station.

 

On the other hand, we should note that continuing the rise and breaching 1.3120$ will push the price back to the main bullish channel and stop the current bearish correction.

 

The expected trading range for today is between 1.2930$ support and 1.3090$ resistance

 

Trend forecast: Bearish

The EURUSD price forecast update - 18-10-2024

Economies.com
2024-10-18 09:12AM UTC

The EURUSD price shows bullish bias now, affected by stochastic positivity, but as long as the price is below 1.0880$, our bearish overview will remain valid for today, which represents the first condition to the continuation of the negative scenario, supported by the EMA50, waiting to resume the negative trades that target 1.0780$ as a next station.

 

The expected trading range for today is between 1.0760$ support and 1.0910$ resistance

 

Trend forecast: Bearish

The AUDCAD repeats the positive closings – Forecast today – 18-10-2024

Economies.com
2024-10-18 06:32AM UTC

The AUDCAD price still keeping the bullish track by settling above 0.9145 support line, to notice forming bullish rally recently and settling near 0.9260, noting that it is important to gather the additional positive momentum to manage to surpass 0.9335 obstacle at 0.9335 to ease the mission of achieving the additional gains near 0.9380 followed by reaching 0.9445.

 

The expected trading range for today is between 0.9225 and .09335

 

Trend forecast: Bullish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3351.120 (2025-07-18 23:05PM UTC)