Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Silver price forecast update 19-12-2024

Economies.com
2024-12-19 08:55AM UTC

Silver price settles below 29.63$ level, thus, no change to the expected bearish trend scenario for today, which its next main target located at 28.40$, reminding you that breaching 29.63$ and holding above it will stop the bearish wave and lead the price to turn to rise.

 

The expected trading range for today is between 28.80$ support and 29.80$ resistance.

 

Trend forecast: Bearish

Gold price forecast update 19-12-2024

Economies.com
2024-12-19 08:55AM UTC

Gold price fluctuates around 2615.00$ level since morning, waiting to gather negative momentum that assist to push the price to resume the expected bearish trend for today, which its next target reaches 2555.00$, noting that the EMA50 supports the suggested bearish wave, which will remain valid unless breaching 2655.00$ and holding above it.

 

The expected trading range for today is between 2585.00$ support and 2630.00$ resistance.

 

Trend forecast: Bearish

The GBPUSD forecast update 19-12-2024

Economies.com
2024-12-19 08:55AM UTC

The GBPUSD price trades with clear positivity to attack 1.2615$ level and attempts to confirm breaching it, which urges caution from the upcoming trading, as confirming the breach will push the price to continue the rise and visit 1.2735$ as a next positive target, while consolidating below it will revive the bearish wave that its next target located at 1.2505$.

 

Therefore, we recommend to stay neutral until the price confirms its situation according to 1.2615$ level followed by detecting the next destination clearly.

 

The expected trading range for today is between 1.2500$ support and 1.2690$ resistance

 

Trend forecast: Neutral

The EURUSD price forecast update - 19-12-2024

Economies.com
2024-12-19 08:55AM UTC

The EURUSD price shows more bullish bias to test 1.0400$ barrier, waiting to get negative motive that push the price to decline again and resume the expected bearish trend for today, reminding you that we are waiting to break 1.0333$ to confirm opening the way to visit 1.0250$ as a next target, while the expected decline will remain valid unless breaching 1.0475$ and holding above it.

 

The expected trading range for today is between 1.0300$ support and 1.0445$ resistance

 

Trend forecast: Bearish