Gold price resumes the rise – Forecast today - 19-04-2024

Economies.com

2024-04-19 04:20AM UTC

Gold Price Analysis

Gold price trades with clear positivity by today’s open to test 2400.0$ barrier, reinforcing the expectations of continuing the bullish trend, waiting for more rise to breach 2431.45$ and confirm extending the bullish wave towards 2510.00$ as a next main station.
The EMA50 continues to support the bullish wave that moves organized inside the bullish channel that appears on he chart, noting that breaking 2375.00$ will stop the expected rise and push the price to test the key support 2325.90$ before any new attempt to rise.

The expected trading range for today is between 2375.00$ support and 2425.00$ resistance.

Economies.com

2024-04-19 04:20AM UTC

The USDCAD price found solid support at 23.6% Fibonacci correction level at 1.3760$, to rebound bullishly and head towards resuming the main bullish trend, as it stops the bearish correction to recover and target testing the recently recorded top at 1.3845$ initially, noting that breaching this level will push the price towards 1.3910$ as a next positive station.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1.3760$ will stop the bullish trend and push the price to achieve additional bearish correction that its next targets reach 1.3705$ followed by 1.3660$.

The expected trading range for today is between 1.3730$ support and 1.3870$ resistance.

Economies.com

2024-04-19 04:20AM UTC

The USDJPY price trades with clear negativity now, to approach the bullish channel’s support line that rises now to 153.25, which represents the main waited target for the suggested bearish wave, noting that it is important to monitor the price at this level due to its importance to detect the next trend.
Therefore, we are waiting for more expected decline in the upcoming sessions, noting that breaking the mentioned level will push the price to start bearish correction and achieve negative targets that start at 152.80 and extend to 151.60, while breaching 154.65 will stop the negative scenario and lead the price to resume the main bullish track again.

The expected trading range for today is between 152.85 support and 154.50 resistance.

Economies.com

2024-04-19 04:20AM UTC

The GBPUSD price opens today’s trading with clear decline to succeed achieving our first waited target at 1.2385$, falling under negative pressure that makes us suggest surpassing this level and open the way to continue the decline on the intraday and short-term basis, noting that the next station reaches 1.2265$.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that breaching 1.2480$ will stop the bearish trend and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2300$ support and 1.2460$ resistance.

The price of Gold is $3349.230 (2025-08-12 16:05PM UTC)