End of day crude oil price forecast update - 12-09-2024

Gold price continues the bullish rally to surpass 2540.00$ and confirm the continuation of the bullish trend domination, reminding you that our next main target extends to 2600.00$, taking into consideration that holding above 2540.00$ represents initial condition to the continuation of the current bullish wave.

The EURUSD price surpassed 1.1040$ level and settles above it, hinting heading to achieve more intraday gains, on its way to test 1.1100$ as a next positive station, noting that the continuation of the rise and breaching this level will stop the bearish correction will lead the price to resume the main bullish trend again, while the price needs to break 1.1040$ again to revive the bearish wave that its next target located at 1.0990$.

Gold price rallied upwards strongly to achieve our waited target at 2540.00$ and attempts to breach it, to pave the way to achieve more gains on the intraday and short-term basis, noting that the next main station reaches 2600.00$, while holding above 2500.00$ represents major condition to the continuation of the expected rise.