Midday update for Gold 22-07-2016
Economies.com
2016-07-22 11:12AM UTC
Gold price shows some bearish bias after it found sold resistance formed by the EMA50, besides that stochastic shows negative signals that might push the price for more negative attempts before turning back to rise.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1297.75 and holding below it, and the price needs to breach 1330.00 level to reinforce the expectations of heading towards 1375.00 that represents the first target of the suggested bullish wave.
Expected trading range for today is between 1315.00 support and 1360.00 resistance.
Expected trend for today: Bullish
Commodities News
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
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 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 ...