Gold price touches the target – Analysis - 21-06-2018
Economies.com
2018-06-21 03:54AM UTC
Gold price succeeded to touch our waited target at 1267.00 and pressues negatively on it in attempt to confirm breaking it, which supports the chances of extending the bearish wave on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that breaking this level will extend Gold price losses to reach 1250.00 followed by 1236.40 levels.
Therefore, we will keep our bearish overview conditioned by the price stability below 1285.90.
Expected trading range for today is between 1250.00 support and 1275.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
No new for natural gas price – Forecast today – 26-4-2024
2024-04-26 06:51AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price returned to form weak ...
Commodities
Platinum price confirms the positivity – Forecast today – 26-4-2024
2024-04-26 06:43AM UTC
Platinum Price Analysis Expected Scenario Platinum price succeeded to hold above the key ...
Commodities
Copper price surpasses the first target – Forecast today – 26-4-2024
2024-04-26 06:42AM UTC
Copper price returned to form bullish waves, taking advantage of the main stability within the ...