Gold price confirms the break – Analysis - 18-07-2018
Economies.com
2018-07-18 04:06AM UTC
Gold price succeeded to confirm breaking 1236.41 level after closing the daily candlestick below it, reinforcing the expectations of achieving more decline in the upcoming sessions, waiting to head towards our next target at 1204.80.
The EMA50 keeps pressing negatively on the price to support the negative overview, as the price is organized inside the bearish channel that appears on the chart, noting that breaching 1243.00 might push the price to test 1270.00 areas before any new attempt to decline.
Expected trading range for today is between 1210.00 support and 1240.00 resistance.
Expected trend for today: Bearish
Commodities News
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
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Wheat price touches the first target – Forecast today - 01-05-2024
2024-05-01 03:48AM UTC
Wheat Price Analysis Expected Scenario Wheat price managed to touch our first waited ...
Commodities
Sugar price attempts negatively – Forecast today - 01-05-2024
2024-05-01 03:47AM UTC
Sugar Price Analysis Expected Scenario Sugar price traded negatively in the previous ...
Commodities
Soybean price under the negative pressure – Forecast today - 01-05-2024
2024-05-01 03:47AM UTC
Soybean Price Analysis Expected Scenario Soybean price bounced downwards clearly ...