Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Gold price surpasses the first target – Forecast today - 29-03-2024

Economies.com
2024-03-29 01:44AM UTC

Gold Price Analysis

Expected Scenario: Bullish Trend

  • Gold price confirmed breaching the $2222.86 level after closing the daily candlestick above it.
  • This reinforces the expectations of continuing the bullish trend on the intraday and short-term basis.
  • We anticipate targeting $2250.00 areas on the near-term basis.
  • We expect further rise in the upcoming sessions, organized inside the bullish channel visible on the chart.
  • Breaking $2222.86 and trading below it will likely lead to a decline, testing the bullish channel’s support line around $2188.00 before any new attempt to rise.

Expected Trading Range for Today

  • Support: $2220.00
  • Resistance: $2250.00

Trend Forecast: Bullish

The USDCAD price under the negative pressure – Forecast today - 29-03-2024

Economies.com
2024-03-29 01:44AM UTC

USDCAD Price Analysis

Expected Scenario: Bearish Trend

  • The USDCAD price traded with clear negativity, nearing the $1.3505 level.
  • This suggests a potential return to the correctional bearish track.
  • Breaking the $1.3505 level will confirm the continuation of the bearish trend towards $1.3440 as the next negative station.
  • Therefore, the bearish bias is expected for today, supported by moving below the EMA50.
  • Note that breaching $1.3606 will invalidate the expected decline and may lead to a resumption of the main bullish trend.

Expected Trading Range for Today

  • Support: $1.3460
  • Resistance: $1.3600

Trend Forecast: Bearish

The USDJPY price leans on the support – Forecast today - 29-03-2024

Economies.com
2024-03-29 01:43AM UTC

USDJPY Price Analysis

Expected Scenario: Bullish Trend

  • The USDJPY price tested the intraday bullish trend line on the chart and bounced bullishly.
  • This suggests an attempt to resume the expected bullish trend for the upcoming period.
  • The initial targets start with breaching $151.81 to confirm heading towards $153.00 as the next positive station.
  • We continue to suggest the bullish trend on the intraday and short-term basis, conditioned by price stability above $151.10.

Expected Trading Range for Today

  • Support: $150.70
  • Resistance: $152.20

Trend Forecast: Bullish

The GBPUSD price awaits more decline - Forecast today - 29-03-2024

Economies.com
2024-03-29 01:42AM UTC

GBPUSD Price Analysis

Expected Scenario: Bearish Trend

  • The GBPUSD price provided clear negative trades, approaching the awaited target at $1.2580.
  • It returns to fluctuate around the $1.2620 level, awaiting negative momentum to resume.
  • This would push the price to surpass the mentioned target and rally towards $1.2480 as the next target.
  • The EMA50 continues to support the suggested bearish wave.
  • This bearish scenario remains valid unless the price rallies to breach $1.2700 and holds above it.

Expected Trading Range for Today

  • Support: $1.2530
  • Resistance: $1.2690

Trend Forecast: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3337.460 (2025-07-04 23:55PM UTC)