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

End of day Ethereum price (ETHUSD) forecast update - 31-01-2025

Economies.com
2025-01-31 16:30PM UTC

Ethereum price (ETHUSD) rallied upwards to surpass our first target at 3310.00$ and reach the second waited target at 3425.50$, and the way seems open to achieve additional gains that reach 3680.00$ on the intraday and short-term basis, noting that the continuation of the bullish wave depends on the price stability above 3222.00$.

End of day gold price forecast update - 31-01-2025

Economies.com
2025-01-31 16:30PM UTC

Gold price rallied upwards to succeed touching our waited target at 2808.20$, and we need to monitor trades according to this level, as its consolidation against the positive attempts will push the price to rebound bearishly and head to test the minor support base at 2790.00$ initially, while breaching it will lead the price to achieve additional gains that reach 2850.00$.

Brent oil price forecast update 31-01-2025

Economies.com
2025-01-31 09:18AM UTC

Brent oil price faces negative pressure to attempt to break 77.05$ level, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the positive scenario active for the upcoming period, reminding you that the main waited target reaches 78.40$, taking into consideration that confirming breaking 77.05$ will put the price under negative pressure that targets 75.66$ initially.

 

The expected trading range for today is between 76.00$ support and 79.00$ resistance.

 

Trend forecast: Bullish

Crude oil price forecast update 31-01-2025

Economies.com
2025-01-31 09:18AM UTC

Crude oil price shows negative trades to move below 73.90$ level and hint heading to resume the correctional bearish wave, and we prefer to stay aside until the price confirms its situation according to this level, as confirming holding below it will push the price towards 72.30$ as a next correctional target, while consolidating above it will lead the price to achieve positive targets that start at 75.52$.

 

The expected trading range for today is between 72.80$ support and 75.80$ resistance

 

Trend forecast: Neutral