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...

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...

If gold falls below $5,143 in the coming hours, we could expect the downward movement to continue, and it could reach the psychological level of $5,000, which also coincides with...

[Silver] With all technical conditions which indicating that Silver is strengthening, then today Silver has the potential to rise toward its nearest resistance 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...

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...

While China celebrates the Lunar New Year, major speculators, or so-called smart money, are not rushing to manipulate the gold market. The metal swings like a pendulum: it falls below...

[Silver] With a Death Cross between the two EMAs, Silver has the potential to weaken toward its nearest support level today. Key Levels 1. Resistance. 2 : 76.962 2. Resistance...

Gold is trading around $4,998 below the 21 SMA, showing exhaustion of bullish momentum. The price is likely to reach the 200 EMA around $4,827 and even the lower band...