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Brent oil price forecast update 31-01-2025

By Published On: January 31, 20250.4 min readViews: 280 Comments on Brent oil price forecast update 31-01-2025

Gold price settles above 2790.00$ level, to keep the bullish trend scenario active for today, reminding you that our next station is located at 2808.20$, which breaching it represents the key to head towards 2850.00$ as a next main target.

 

The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 2790.00$ and holding below it.

 

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The expected trading range for today is between 2780.00$ support and 2820.00$ resistance.

 

Trend forecast: Bullish




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