Gold And EUR/USD Forecast: Bearish Outlook Ahead!
The price of gold has already been heading down for several days in a row. Currently, the price of this asset is likely to target two horizontal levels 2708 and 2450. Once the price of gold rebounds to the level of 2708, it might potentially offer resistance. When the price of gold dives to the level of 2450, it might get the required support. So, let’s wait and see what is going to be the next price movement of this asset.
The price of the currency pair EUR/USD has tested the level of 1.0600, thus finalizing the current trend reversal. The recent formation of the downtrend might offer a favorable zone for the continuation of the price drop. It is also important to note that the upper boundary of this downtrend might potentially offer resistance and make the asset’s price dive even deeper. The price point of 1.0780 might also be tempting for the sellers.
The market buyers helped the cross rate of the currency pair EUR/GBP rise above the level of 0.8300. Also, the price of this asset has tested the broken local downtrend. The bullish outlook for this asset might signify the upcoming price growth. So, let’s wait and see what is going to happen next.
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