Gold price forecast update 19-11-2024
Gold price fluctuates around the bullish trend line and attempts to confirm consolidating above it, to keep the bullish trend scenario active for today, waiting to gather positive momentum that assist to push the price to achieve our positive targets that start at 2655.00$ and extend to 2710.00$.
Therefore, we will continue to suggest the bullish trend for today unless breaking 2615.50$ and holding below it.
The expected trading range for today is between 2610.00$ support and 2645.00$ resistance.
Trend forecast: Bullish
The GBPUSD forecast update 19-11-2024
The GBPUSD price fluctuates with slight negativity now, reinforcing the expectations to decline for the rest of the day, as we are waiting to test 1.2566$ as a first negative station, noting that breaking this level will put the price under additional negative pressure that its next target reaches 1.2445$ as a next negative station, while the bearish trend will remain valid for today unless breaching 1.2735$ and holding above it.
The expected trading range for today is between 1.2590$ support and 1.2750$ resistance
Trend forecast: Bearish
The EURUSD price forecast update - 19-11-2024
The EURUSD price shows bearish bias after testing 1.0600$ and consolidating below it, to keep the bearish trend scenario valid and active for the upcoming period, reminding you that our targets being at 1.0496$ and extend to 1.0400$ after breaking the previous level, while breaching 1.0600$ will stop the bearish wave and lead the price to achieve new gains that reach 1.0664$.
The expected trading range for today is between 1.0500$ support and 1.0650$ resistance
Trend forecast: Bearish
The CADCHF repeats the negative closings – Forecast today – 19-11-2024
No change to the CADCHF price negative track, as it keeps providing frequent closings below the bearish channel’s resistance line at 0.6355, to notice forming some negative waves recently by crawling below the MA55 and settling near 0.6300.
Stochastic approach to 20 level will increase the negative pressures on the price, allowing us to suggest more negative attempts that might target 0.6260 level followed by reaching the additional support at 0.6205.
The expected trading range for today is between 0.6260 and 0.6325
Trend forecast: Bearish