Midday update for Gold 19-03-2018
Economies.com
2018-03-19 11:04AM UTC
Gold price shows some slight bullihas bias affected by stochastic positivity, and the price still inside the bearish channel that appears on the chart, while the EMA50 forms negative pressure against the intraday trades.
Therefore, these factors encourage us to keep our bearish overview in the upcoming sessions, as our next target is located at 1301.20, while holding below 1316.48 and 1325.00 levels represents key condition to continue the expected decline.
Expected trading range for today is between 1290.00 support and 1320.00 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
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...