Evening update for gold -01-05-2025
The gold price returned to decline in its last intraday trading, after gaining some of the positive momentum from the stability of the main support level at$3,200, which helped it to recover some of its early losses and attempted to offload some of the clear oversold conditions on the (RSI), but the negative pressures remain the dominant.
Our expectations suggest more downside movements in the upcoming trading, in case of breaking the support of $3,200, to target the next support at $3,150.
The expected trading range for today is between $3,150 support and $3,265 resistance.
Today’s forecast: Bearish
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Evening update for EURUSD -01-05-2025
The EURUSD declined in its last intraday trading, after it succeeded in offloading some of the clear oversold conditions, which helped it to record more of the downside moves, affected by the negative head and shoulders pattern, to extend the bearish correctional trend on the short- term basis.
Therefore, we still expect the price to decline in its upcoming intraday trading, if the price settles below 1.1340, and there are chances of breaking it.
The expected trading range for today is between 1.1260 support and 1.1340 resistance.
Today’s forecast: Bearish
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Shiba Inu price receives some support - Forecast today - 01-05-2025
Shiba Inu’s currency price rose in latest intraday trading after leaning on the support of the 50-day SMA, amid the dominance of the upward correctional wave in the short term, while managing to vent off overbought saturation in the Stochastic.
Therefore we expect the price to rise and target the resistance of $0.00001524, provided the support of $0.00001256 holds on.
Today’s price forecast: Bullish
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Pepe price rises cautiously - Forecast today - 01-05-2025
Pepe’s currency price rose mildly in latest intraday trading, amid the dominance of the upward correctional trend in the short term, with positive signals from the Stochastic after managing to vent off overbought saturation there, and with positive pressure due to trading above the 50-day SMA.
Therefore we expect the price to rise and target the resistance of $0.00001132, provided it settles firmly above $0.00000852.
Today’s price forecast: Bullish
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