Forecast For Gold, EUR/USD And GBP/USD

Published 03/16/2020, 06:32 AM
Updated 07/09/2023, 06:32 AM
EUR/USD
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GBP/USD
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EUR/GBP
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XAU/USD
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GC
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USDIDX
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EUR/USD
EUR/USD has returned to the falling channel.

The price has broken through the support line, which is the upper line of this channel. Now the price has fallen to a small support line. EUR/USD is approaching the upper line of the falling channel.

I expect a fall from this line to the support level of 1.099.

GBP/USD
Last week, the price fell, breaking through the support level. GBP/USD has now reached two strong support lines.

I expect growth to the resistance line at a strong resistance level of 1.278.

DXY
The price started a strong growth a week ago and broke through important resistance levels and resistance lines.

Now, I expect growth to the resistance level of 99.2 and after a slight correction, growth will continue to the resistance line.

EUR/GBP
EUR/GBP reached a strong resistance line and broke it.

I expect this to be a false breakdown of the resistance line. In the future, the price will fall to the support line. We open «Sell» after the price drops below the resistance line.

GOLD
Gold plummeted in a couple of days.

The price reached two strong support lines, after which growth began. Gold is now on the small resistance line and at the resistance level of 1547.

I expect the price to return to the support lines, and it will be possible to buy Gold again from these lines. In addition, the trend is growing. Target is a resistance line.

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