Gold hovers around the support – Analysis - 25/05/2015
Economies.com
2015-05-25 04:50AM UTC
Gold price keeps the stability of the daily closes above 1205.00 level and above the previously breached resistance that appears in the above image, which keeps the bullish trend scenario valid until now, supported by stochastic current positivity, waiting for targeting 1225.00 then 1244.00 levels initially.
We remind you that breaking 1205.00 – 1203.00 levels will put the price under negative pressure that pushes it towards 1181.00 levels directly.
Expected trading range for today is between 1190.00 support and 1230.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...