Forecast update for Gold -01-07-2025
The price of (Gold) extended its gains in its last intraday trading, to exit the range of bearish correctional channel that limits its previous trading on the short-term basis, providing more of the positive momentum that assisted it to surpass the resistance of its EMA50, to surpass all the negative pressures, announcing its full recovery, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
Forecast update for EURUSD -01-07-2025
The price of (EURUSD) continued the rise in its recent intraday levels, to reach our target at 1.1815, amid the dominance of the main bullish trend and its trading alongside minor and main bias lines that indicates the strength of the bullish momentum, with the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the beginning of the negative signs on the (RSI), after reaching overbought levels which might decelerate the upcoming upside trading.
The GBPCHF achieves the initial target– Forecast today – 1-7-2025
The GBPCHF price kept its negative stability below the resistance of the minor bearish channel at 1.1030 in the last trading, activating recently with the negative pressures and forming a strong negative decline, achieving the initial target at 1.0870.
Stochastic attempts to exit the oversold level might force the price to provide some mixed trading, but its stability below the extra barrier at 1.0935 level makes us wait for gathering the required extra negative momentum for resuming the decline and reaching the next target near 1.0825.
The expected trading range for today is between 1.0825 and 1.0910
Trend forecast: Bearish
Natural gas price is facing strong resistance– Forecast today – 1-7-2025
Natural gas price lost the positive momentum yesterday, affected by stochastic stability below 50 level, forcing it to form bearish waves to settle near the support base at $3.460 level, to form strong and important resistance to detect the main trend in the upcoming trading.
The stability of the current support will reinforce the chances for regaining the bullish bias, to expect its rally towards $3.600, then attempts to reach the extra initial target at $3.830, while the continuation of the negative pressures and its decline below the current support will confirm its move to the bearish track, which forces it to suffer several losses by targeting $3.320 and $3.140 level.
The expected trading range for today is between $3.450 and $3.600
Trend forecast: Bullish