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Gold price forecast update 27-06-2024

Economies.com
2024-06-27 10:32AM UTC

Gold price trades positively now, as it is affected by stochastic positivity, and it might head for new test to the key resistance 2340.10$ before turning back to decline again.

Until now, the bearish trend scenario still active unless the price rallied to breach the mentioned resistance and hold above it, reminding you that our main waited target is located at 2272.06$.

The expected trading range for today is between 2275.00$ support and 2315.00$ resistance.

Trend forecast: Bearish

The GBPUSD forecast update 27-06-2024

Economies.com
2024-06-27 10:32AM UTC

The GBPUSD price fluctuates with slight positivity, affected by the RSI positivity, but as long as the price is below 1.2700$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 1.2580$ and extend to 1.2480$ after breaking the previous level.

The expected trading range for today is between 1.2540$ support and 1.2700$ resistance.

Trend forecast: Bearish

The EURUSD price forecast update - 27-06-2024

Economies.com
2024-06-27 10:32AM UTC

The EURUSD price shows positive trades to move away from 1.0675$ level gradually, reinforcing the expectations of continuing the bullish trend for the rest of the day, motivated by stochastic positivity, reminding you that our targets begin by breaching 1.0750$ to get strong positive motive that push the price towards 1.0840$ direct.

Holding above 1.0675$ is important to the continuation of the expected rise, as breaking it will push the price to turn to decline and head towards 1.0600$ areas mainly.

The expected trading range for today is between 1.0630$ support and 1.0775$ resistance.

Trend forecast: Bullish

The CHFJPY settles below the support – Forecast today – 27-6-2024

Economies.com
2024-06-27 05:45AM UTC

CHFJPY Price Analysis

Expected Scenario

  • The CHFJPY price hit solid barrier at 179.25, to hinder resuming the bullish attack and force it to start forming correctional bearish waves to settle near 178.85 as appears on the chart.
  • Note that stochastic decline below 80 level will increase the negative pressures to confirm the domination of the correctional bearish bias now, to expect targeting 178.42 followed by reaching 177.60 as a next main target for the negative trades.

Expected Trading Range

Between 179.05 and 178.42.

Trend Forecast: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3340.180 (2025-07-16 08:25AM UTC)