Category: Forex News, News
Gold Price Forecast Update for Today, 09-04-2025
Natural gas price suffered new negative pressures by stochastic approach from 20 level, which forces it to reach below the extra support at $3.610, forming new bearish wave to settle near $3.500 as appears in the above image.
In spite of the main stability within the bullish channel’s levels, but the continuation of the negative pressures and forming extra barrier at $3.770, so these factors supports the bearish bias dominance in the current period, to expect suffering new losses by reaching $3.380 reaching the moving average 55 near $3.230.
The expected trading range for today is between $3.380 and $3.700
Trend forecast: Bearish
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Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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