Midday update for Gold 27-05-2016
Economies.com
2016-05-27 10:54AM UTC
Gold price shows sideways and tight range trading since morning settled at 1220.00, as long as the price below 1243.17, so our bearish trend expectations will remain valid and active for the rest of the day, supported by the negative pressure that comes from the EMA50, pointing that stochastic current positivity explains the reasons of the sideways fluctuation.
Our next main target located at 1205.80, reminding you that breaking this level will extend the bearish correctional wave to reach 1175.60 directly.
Expected trading range for today is between 1190.00 support and 1230.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 30-04-2024
2024-04-30 17:48PM UTC
Crude oil price traded with strong negativity to succeed achieving our waited target at 81.50$ and ...
Commodities
End of day gold price forecast update - 30-04-2024
2024-04-30 17:47PM UTC
Gold price shows more bearish bias to move away from 2325.90$ level and support the continuation of ...
Commodities
Brent oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the ...