Category: Forex News, News
Gold price forecast update-16-04-2025
The CADCHF confirmed the continuation of the bearish track by providing repeated closes within the bearish channel’s levels, besides reaching below the extra barrier at 0.6010, to notice continuing providing negative trading and holding near 0.5865.
Note that the convergence of the main indicators by providing negative momentum will increase the negative pressures on the current period trading, to keep waiting for targeting 0.5775 level, and surpassing it will lead the price to attack the bearish channel’s support at 0.5640.
The expected trading range for today is between 0.5775 and 0.5925
Trend forecast: Bearish
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Written by : Editorial team of BIPNs
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