Gold tests the support base – Analysis - 09-01-2017
Economies.com
2017-01-09 05:31AM UTC
Gold price continues to fluctuate near the critical support at 1172.68 keeping its stability above this level, accompanied by clear positive signals by stochastic, while the EMA50 keeps providing support for the price from below.
Therefore, these factors encourage us to keep our bullish trend expectations, and its next main target located at 1211.31, while breaking 1172.68 then 1160.00 levels will stop the expected rise and pushes the price to target 1124.88 level as a next main station.
Expected trading range for today is between 1160.00 support and 1200.00 resistance.
Expected trend for today: Bullish
Commodities News
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
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Natural gas price lacks the positive momentum – Forecast today – 29-4-2024
2024-04-29 05:56AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price postponed the bullish ...
Commodities
Platinum price presses on the moving average – Forecast today – 29-4-2024
2024-04-29 05:45AM UTC
Platinum Price Analysis Expected Scenario Platinum price started to form bullish waves to ...
Commodities
Copper price continues the positive crawl – Forecast today – 29-4-2024
2024-04-29 05:44AM UTC
Copper Price Analysis: Bullish Trend Continues No change to copper price bullish track as it keeps ...