Gold price gets the positive momentum – Forecast today - 18-04-2024
Economies.com
2024-04-18 04:03AM UTC
Price Analysis: Gold
Expected Scenario
- Gold price faced temporary negative pressure yesterday to test the EMA50, a key support at 2370.00$. The price begins to rise by today’s open, motivated by stochastic positivity, indicating a potential resumption of the main bullish trend, with the next main target at 2510.00$.
- However, breaking 2370.00$ will put the price under additional negative pressure to head towards testing the 2325.90$ level before any new positive attempt.
Expected Outcome
The expected trading range for today is between 2360.00$ support and 2400.00$ resistance.
Trend Forecast: Bullish
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
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 ...