End of day analysis for Gold 19-03-2018
Economies.com
2018-03-19 19:20PM UTC
Gold price continued its positive trading to breach 1316.48 level and attempts to hold above it, which urges caution from the upcoming trading, as holding above this level and breaching 1325.00 will confirm the return to the main bullish track again, which its next target located at 1335.40, while breaking 1316.48 will put the price under the negative pressure that targets 1301.20 mainly.
Therefore, we will monitor the daily candlestick close and tomorrow’s opening to confirm the next destination clearly.
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...