Midday update for Gold 08-05-2017
Economies.com
2017-05-08 10:20AM UTC
Gold price did not show any strong move since morning, to continue fluctuating around 1229.00 level, thus, no change on the bearish trend scenario that depends on holding below 1244.00 and 1250.00 levels, waiting to target 1208.92 level as a next main station.
Note that breaking the targeted level will extend gold price losses to reach 1188.50 direct.
Expected trading range for today is between 1215.00 support and 1240.00 resistance.
Expected trend for today: Bearish
Commodities News
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
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
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 ...