FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

Gold is trading around $5,183 with an upward bias and has been consolidating in this area since February 23, after gold reached $5,260. The outlook remains positive for XAU/USD. However...

Crude oil is expected to continue falling in the coming days until it reaches the 200 EMA, a level that coincides with the lower band of the uptrend channel around...

If gold falls below $5,180, we could expect the formation of a technical reversal pattern called a symmetrical triangle. Hence, we could see gold reach the lower band...

[Natural Gas] With all technical conditions of Natural Gas which indicates weakness, #NG has the potential today to weaken down toward its nearest support level. Key Levels 1. Resistance...

The 61.8% Finonacci retracement represents a continuation of the bearish cycle that might span from $5,600 to $4,400, so this level is likely to be a key point for bears...

If the downward pressure prevails, oil is expected to fall to the lower band of the bullish channel located at 62.50. This level could be seen as a good point...

On the contrary, if crude oil falls below the 6/8 Murray, we could expect the bearish cycle to resume; hence, the price may return to the 4/8 Murray support levels...

If the metal consolidates below $4,930, the price could reach the 200 EMA around $4,846. Gold could even reach the support of the lower band of the uptrend channel around...

A breakout from the downtrend channel and consolidation above $4,965 will be seen as an opportunity to open long positions, with targets at $5,030, $5,100, and finally at the +1/8...

On the contrary, if there is a pullback towards $5,000, we could see it as an opportunity for short trades. So, we could sell with targets...