Gold price forecast update 24-01-2025 – Economies.com

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

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

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

The EURGBP begins the correction – Forecast today – 24-1-2025

The EURGBP price ended the recent bullish rally by achieving the target at 0.8465, to form solid barrier against the bullish attempts to notice the beginning of forming correctional bearish trades by fluctuating near 0.8425.

Also, stochastic begins to provide the negative momentum by approaching 50 level to reinforce the negativity for now and expect suffering additional losses by moving towards 0.8400 and 0.8365 levels before any new attempt to renew the bullish attempts.

The expected trading range for today is between 0.8400 and 0.8445

Trend forecast: Bearish