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

As long as gold consolidates above 3/8 of Murray, we will look for opportunities to buy with targets at 2,632 and 2,640. The Eagle indicator is showing a positive signal...

On the contrary, if the euro returns above 1.0570, we could see this as an opportunity to resume buying. The price could reach 1.0620, 1.0742 and finally...

If the euro consolidates above the 21 SMA located at 1.0554 in the next few hours, it will be seen as an opportunity to buy with targets at 3/8 Murray...

Gold is trading around 2,629 within the bullish trend channel forming since November 13 and reaching a strong resistance zone that coincides with the top of the bullish trend channel...

At the beginning of the upcoming week, the chart for the European major pair is expected to exhibit a flat sideways movement. An upward vector toward the resistance zone...

Early in the European session, XAU/USD was trading around 2,589 with a strong technical bounce, within the downtrend channel forming since October 31, above the 21 SMA, and above...

Since November 15, the Eagle indicator has been showing oversold signals. Hence, we believe that a technical bounce off above the psychological level of 1.0500 in the next few hours...

Early in the American session, gold is trading around 2,569 showing a positive signal. The price is likely to continue a bullish recovery cycle in the next few hours...

Early in the European session, Gold (XAU/USD) was trading around 2,563 below 2/8 Murray and within the downtrend channel forming since October 29. On the H4 chart...

In case gold breaks and consolidates above 2,613, the outlook could be positive and gold could reach the 21 SMA area around 2,635 and even the top of the downtrend...