Economies.com
2025-02-05 09:00AM UTC
Silver price shows additional positive trades despite the negative momentum that appears through stochastic, to support the expectations of continuing the bullish trend for the rest of the day, reminding you that we are waiting to test 32.86$ as a next main target, noting that breaching it will open the way to rally towards 34.00$ on the near-term basis, while the expected rise will remain valid unless breaking 31.63$ and holding below it.
The expected trading range for today is between 31.85$ support and 32.86$ resistance.
Trend forecast: Bullish
Gold price forecast update 05-02-2025
Economies.com
2025-02-05 09:00AM UTC
Gold price continues to rise to confirm breaching 2850.00$ level, and the way is open to head towards our main waited target at 2900.00$, to keep the bullish trend valid and active for today, organized by the bullish channel that appears on the chart, reminding you that the continuation of the bullish wave requires holding above 2835.00$.
The expected trading range for today is between 2835.00$ support and 2875.00$ resistance.
Trend forecast: Bullish
Read more: Gold Breaks $2,800: Time to Act Now Before 2025 Launches It Past $3,000?
The GBPUSD forecast update 05-02-2025
Economies.com
2025-02-05 09:00AM UTC
The GBPUSD price shows new positive trades to test 1.2500$ barrier, waiting for more rise that targets 1.2605$ as a next main station, organized inside the bullish channel that appears on the chart.
Holding above 1.2415$ is important to the continuation of the bullish trend and guarantee not turning back to the main bearish track again.
The expected trading range for today is between 1.2400$ support and 1.2565$ resistance
Trend forecast: Bullish
The EURUSD price forecast update – 05-02-2025
Economies.com
2025-02-05 09:00AM UTC
The EURUSD price attempts to breach the key resistance 1.0385$, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our main waited target is located at 1.0455$.
Moving above the EMA50 now supports the suggested positive scenario, which will remain valid unless breaking 1.0325$ and holding below it.
The expected trading range for today is between 1.0300$ support and 1.0465$ resistance
Trend forecast: Bullish