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

Silver price forecast update 24-01-2025

Economies.com
2025-01-24 09:07 UTC

Silver price settles above 30.63$ level, to keep the bullish trend scenario active for today, which depends on the price stability above the mentioned level, waiting to gather positive momentum that assist to push the price to achieve our main expected target at 31.63$.

 

The expected trading range for today is between 30.40$ support and 31.30$ resistance.

 

Trend forecast: Bullish

Gold price forecast update 24-01-2025

Economies.com
2025-01-24 09:07 UTC

Gold price shows sideways trades now, and it might test the key support base 2762.00$ before turning back to rise again, as it is affected by stochastic negativity that hinders the mission of continuing the rise.

 

Until now, the bullish trend scenario still suggested for today unless breaking the mentioned support and holding below it, reminding you that our main waited target reaches 2790.00$.

 

The expected trading range for today is between 2755.00$ support and 2795.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 24-01-2025

Economies.com
2025-01-24 09:07 UTC

The GBPUSD price provided additional positive trades to approach the key resistance 1.2440$, and as we mentioned this morning, this level represents one of the trend keys beside 1.2300$ support line, as the price needs to break one of them to detect its next destination clearly.

 

Therefore, we will continue with our neutrality until we get clearer signal for the next trend, while the expected targets after breaching the mentioned levels are explained in our morning report.

 

The expected trading range for today is between 1.2300$ support and 1.2475$ resistance

 

Trend forecast: Neutral

The EURUSD price forecast update - 24-01-2025

Economies.com
2025-01-24 09:07 UTC

The EURUSD price achieved initial breach to 1.0455$ level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, paving the way to head towards 1.0600$ that represents our next main target.

 

The price needs to build strong support base above 1.0455$ to guarantee the continuation of the bullish wave, as failing to hold above this level will put the price under negative pressure that targets 1.0325$ areas as a first station.

 

The expected trading range for today is between 1.0360$ support and 1.0520$ resistance

 

Trend forecast: Bullish