gold-price-forecast-update-04-02-2025-–-economies.com

Gold price forecast update 04-02-2025 – Economies.com

  • 2819.820

    43.297%

  • 71.534

    12.033%

  • 1.0326

    6.4877%

  • 6005.38

    0.99%

  • 44392.94

    0.94%

  • 21366.91

    1.25%

Economies.com

2025-02-04 10:12AM UTC

Gold price shows slight bearish bias, noticing that this decline is confined within minor bearish channel that we believe it forms bullish flag pattern, thus, breaching 2821.00$ will provide good positive motive that supports the expectations of continuing the bullish trend in the upcoming period.

Therefore, we will continue to suggest the bullish trend for today unless breaking 2810.00$ and holding below it, reminding you that our next main target is located at 2850.00$.

The expected trading range for today is between 2800.00$ support and 2850.00$ resistance.

Trend forecast: Bullish

The GBPUSD forecast update 04-02-2025

Economies.com

2025-02-04 10:12AM UTC

The GBPUSD price attempted to break 1.2415$ but it returns to consolidate above it, to keep the bullish trend scenario valid for today, which depends on the price stability above this level, supported by the EMA50 that carries the price from below, reminding you that our main waited target is located at 1.2605$.

The expected trading range for today is between 1.2350$ support and 1.2510$ resistance

Trend forecast: Bullish

The EURUSD price forecast update – 04-02-2025

Economies.com

2025-02-04 10:12AM UTC

The EURUSD price shows new positive trades to attempt to move away from 1.0325$ level, 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$, while breaking 1.0325$ will stop the suggested bullish wave and push the price to turn to decline.

The expected trading range for today is between 1.0240$ support and 1.0410$ resistance

Trend forecast: Bullish

The NZDCAD activates the negative track – Forecast today – 4-2-2025

Economies.com

2025-02-04 05:21AM UTC

The NZDCAD price started to form strong negative waves after facing 0.8235 resistance line recently, to notice forming negative decline and settling near 0.8100.

The consolidation of the MA55 below the mentioned resistance and stochastic attempt to provide the negative momentum allow us to expect falling under new negative pressures to continue declining until reaching 50% Fibonacci correction level at 0.8035.

The expected trading range for today is between 0.8035 and 0.8140

Trend forecast: Bearish