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Gold price records new historical highs – Forecast today - 13-09-2024
Gold price shows more rise to reach 2565.00$ areas now, reinforcing the expectations of continuing the bullish trend on the short-term and medium term basis, and we believe that the way is open to achieve our next main target at 2600.00$, supported by the EMA50 that carries the price from below.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish wave, noting that breaking 2548.50$ might put the price under temporary correctional bearish pressure before turning back to rise again.
The expected trading range for today is between 2550.00$ support and 2585.00$ resistance.
Trend forecast: Bullish
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The USDCAD price needs strong positive motive – Forecast today - 13-09-2024
The USDCAD price continues to fluctuate at the key support 1.3562$ and keeps its stability above it, waiting to resume the expected bullish trend on the intraday basis, which targets testing 1.3653$ as a next station.
MoreThe USDJPY price resumes the decline – Forecast today - 13-09-2024
The USDJPY price bounced downwards clearly to resume the expected bearish trend on the intraday and short-term basis, approaching the main waited target at 140.24, and we suggest surpassing this level to achieve more negative targets in the upcoming period, to reach 139.00 as a next negative station.
MoreThe GBPUSD price stops the bearish correction - Forecast today - 13-09-2024
The GBPUSD price rallied upwards strongly yesterday to attack 1.3124$ level, noticing that the price begins today with more rise to breach this level and close the first four hours’ candlestick above it, which confirms stopping the bearish correction and head to resume the main bullish trend again, on its way to achieve positive targets that start at 1.3220$ followed by 1.3265$.
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