Gold price awaits the break – Forecast today - 30-04-2024
Economies.com
2024-04-30 05:28AM UTC
Gold Price Analysis
Gold price is hovering around the $2325.90 level and has initiated new attempts to breach this level at today’s open. Stochastic indicators are showing negative signals, which we anticipate will help push the price to break this level and head towards the next correctional level at $2260.60.
Therefore, we maintain our bearish trend forecast for the upcoming period. However, it's worth noting that breaching $2368.50 will halt the expected decline and resume the main bullish trend.
Expected Trading Range
- Support: $2305.00
- Resistance: $2345.00
Trend Forecast
Bearish
Commodities News
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since morning, ...
Commodities
Crude oil price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price finds good resistance formed by ...
Commodities
Silver price forecast update 16-05-2024
2024-05-16 09:26AM UTC
Silver Price Analysis Expected Scenario Silver price shows sideways trades since ...