Midday update for Gold 24-08-2017
Economies.com
2017-08-24 09:23AM UTC
Gold price trades near the intraday bullish channel's support and keeps its stability above it, while stochastic attempts to get rid of its negativity and gain the positive momentum on the four hours' time frame.
As long as the price is above 1280.00, the bullish trend will remain active for today, supported by the EMA50 that keeps protecting trading inside the mentioned bullish channel, reminding you that our main waited targets begin by breaching 1295.37 to confirm extending the bullish wave towards 1312.00 followed by 1347.00.
Expected trading range for today is between 1280.00 support and 1312.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Commodities
Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...