Midday update for Gold 26/05/2015
Economies.com
2015-05-26 10:39AM UTC
Gold price declined this morning to break 1202.00 level, achieving four hours close below it, and as we mentioned in our last technical update, the way will be open for achieving more downside moves for the rest of the day, where the price targets testing the critical support at 1181.00 mainly.
Therefore, we will wait for bearish bias in the upcoming sessions unless breaching 1202.00 and 1205.00 levels and holding above them, where this breach will allow the price to regain its bullish momentum.
Expected trading range for today is between 1181.00 support and 1220.00 resistance.
Expected trend for today: Bearish for the rest of the day
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading ...
Commodities
Crude oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Crude Oil Price Analysis Crude oil price fluctuates positively to approach testing the key ...
Commodities
Silver price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Silver Price Analysis Silver price breached the 26.90$ level clearly and closed the last four ...