Gold price touches the target – Forecast today – 16-01-2025
Gold price touches the target -Gold price managed to touch our waited target at 2700.00$ and find good resistance there, waiting to gather positive momentum that push the price to continue the rise within the bullish channel that appears on the chart to achieve additional gains that extend to 2725.00$ as a next main station.
Gold price touches the target -Gold price managed to touch our waited target at 2700.00$ and find good resistance there, waiting to gather positive momentum that push the price to continue the rise within the bullish channel that appears on the chart to achieve additional gains that extend to 2725.00$ as a next main station.
The EMA50 keeps supporting the suggested bullish wave, noting that breaking 2672.00$ will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 2680.00$ support and 2720.00$ resistance
The USDCAD price leans on the channel’s support line – Forecast today
The USDCAD price continued to decline to test the bullish channel’s support line that appears on the chart, and prepares to build bullish wave on the intraday basis to resume the main bullish trend, motivated by stochastic positivity, waiting to head towards 1.4467$ as a first main target.
Holding above 1.4325$ is important to the continuation of the expected rise, as breaking it represents the key to turn to decline to start bearish correction that its first main target located at 1.4220$.
The expected trading range for today is between 1.4300$ support and 1.4420$ resistance
The USDJPY price under the negative pressure – Forecast today
The USDJPY price broke 157.35 level strongly to start bearish correction and head towards testing the main bullish channel’s support line that appears on the chart, targeting visiting 153.75 mainly.
Therefore, we expect to witness more decline in the upcoming sessions, and breaking 154.95 will confirm the continuation of the bearish trend domination, while breaching 156.45 will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 154.60 support and 156.25 resistance
The GBPUSD price within negative pattern – Forecast today
The GBPUSD price traded with clear positivity in the previous sessions to test 1.2300$ level, noticing that the EMA50 met this level to add more strength to it and force the price to rebound bearishly, to move within minor bullish channel that we believe it forms bearish flag pattern, thus the price needs to break 1.2185$ to activate the negative effect of this pattern followed by resume the main bearish trend that its next target located at 1.2045$.
Gold price touches the target
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1.2300$ and hold with a daily close above it.
The expected trading range for today is between 1.2140$ support and 1.2300$ resistance
Gold Price Today in India is ₹ 78030 per 10 grams for 24 Carats and ₹ 71400 for 22 Carats
Today gold Price in India
| Date | 22K | 24K |
|---|---|---|
| 16-01-2025 | 71400 | 78030 |
Gold Rate Resistance / Support
| Resistance | R1 | R2 | R3 |
| 78300 | 78430 | 78800 | |
| Support | S1 | S2 | S3 |
| 76160 | 78000 | 77850 |
Gold Rate Prediction or Forecast for Next Week
For the upcoming week, the prediction of the gold rate stands at:
| Date | Gold Rate (₹) | Change |
|---|---|---|
| 13-01-2025 | 78640 | 0.00% |
| 14-01-2025 | 78000 | 0.00% |
| 15-01-2025 | 77800 | 0.00% |
| 16-01-2025 | 77400 | 0.00% |
| 17-01-2025 | 77900 | -1.17% |
Gold Rate Forecast for Next 31 Days – Gold Price Prediction India
The chart provided here states the possible gold rates for the next 31 days or for October, making it easier for investors to plan their investments accordingly.
| Date | Gold Rate (₹) | Change (₹) | Change % |
|---|---|---|---|
| 01.01.2025 | 76800 | 850 | 1.12% |
| 02.01.2025 | 77200 | 800 | 1.05% |
| 03.01.2025 | 77600 | 1850 | 2.44% |
| 04.01.2025 | 77400 | 1000 | 1.31% |
| 05.01.2025 | 77900 | 1300 | 1.70% |
| 06.01.2025 | 78640 | 2340 | 3.07% |
| 07.01.2025 | 78000 | 1700 | 2.23% |
| 08.01.2025 | 77800 | 1500 | 1.97% |
| 09.01.2025 | 77400 | 400 | 0.52% |
| 10.01.2025 | 77000 | -700 | -0.90% |
| 11.01.2025 | 76500 | -1650 | -2.11% |
| 12.01.2025 | 76800 | -400 | -0.52% |
| 13.01.2025 | 77000 | -200 | -0.26% |
| 14.01.2025 | 77200 | 0 | 0.00% |
| 15.01.2025 | 77650 | 0 | 0.00% |
| 16.01.2025 | 78000 | 0 | 0.00% |
| 17.01.2025 | 79150 | 0 | 0.00% |
| 18.01.2025 | 79500 | 0 | 0.00% |
| 19.01.2025 | 80120 | 0 | 0.00% |
| 20.01.2025 | 80120 | 0 | 0.00% |
| 21.01.2025 | 80120 | 0 | 0.00% |
| 22.01.2025 | 76600 | -3100 | -3.89% |
| 23.01.2025 | 76100 | -3330 | -4.19% |
| 24.01.2025 | 75880 | -3120 | -3.95% |
| 25.01.2025 | 76650 | -2550 | -3.22% |
| 26.01.2025 | 77150 | -2350 | -2.96% |
| 27.01.2025 | 78000 | -1500 | -1.89% |
| 28.01.2025 | 79500 | 0 | 0.00% |
| 29.01.2025 | 80100 | 0 | 0.00% |
| 30.01.2025 | 80300 | 0 | 0.00% |
| 31.01.2025 | 79500 | -800 | -0.0099626401 |
Gold Rate Prediction for the Next 6 Months
The gold price forecast for the next six months, which runs from Jan 25 to Jun 25, is shown in the chart below. This forecast by the finest stock adviser in India shows a modest decline in the price of gold over the next several days, with the average price for 10 grams of 24-karat gold coming in at close to 72,930 INR.
| Month | Average (10g) | Lowest | Change% |
|---|---|---|---|
| 01-01-2025 | ₹ 79250 | ₹ 78100 | 0.014% |
| 01-02-2025 | ₹ 78500 | ₹ 77200 | 0.016% |
| 01-03-2025 | ₹ 77380 | ₹ 78500 | -0.014% |
| 01-04-2025 | ₹ 78200 | ₹ 77500 | 0.009% |
| 01-05-2025 | ₹ 79100 | ₹ 78200 | 0.011% |
| 01-06-2025 | ₹ 80300 | ₹ 78900 | 0.017% |
Monthly Gold Price Prediction – Gold Rate Prediction for 2025
Given below in the chart is the prediction of the gold rate for the months until Jun of next month
| Month | Average (10g) | Lowest | Change% |
|---|---|---|---|
| Jan-25 | ₹ 77,720 | ₹ 77,290 | 0.26% |
| Feb-25 | ₹ 77,850 | ₹ 77,450 | 0.17% |
| Mar-25 | ₹ 77,760 | ₹ 77,440 | -0.12% |
| Apr-25 | ₹ 77,920 | ₹ 77,680 | 0.21% |
With Thanks and Reference to:https://hmatrading.in/gold-rate-forecast/ and https://www.economies.com/forex/gbp-usd-analysis/the-gbpusd-price-within-negative-pattern—forecast-today—16-01-2025-115241
