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)