End of day analysis for Gold 23-03-2017

Economies.com
2017-03-23 20:50PM UTC

Gold price attempted to break the intraday bullish trend line but it returns to end today's trading at that line, accompanied by stochastic move at the oversold areas, while the EMA50 keeps supporting the price from below.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 1231.13 level and holding below it, reminding you that our next main target is located at 1263.17.

Commodities News

Brent Oil 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 ...
Gold News

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 ...
Oil News

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

Technical Analysis

Commodities

Wheat price achieves strong gains – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
Wheat Price Analysis Wheat price rallied upwards strongly yesterday to breach 641.50$ and settle ...
Technical Analysis

Commodities

Soybean price surpasses the target – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
Soybean Price Analysis Soybean price rallied upwards strongly to surpass our waited target at ...
Technical Analysis

Commodities

Corn price is recovering – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
Corn Price Analysis Corn price bounced upwards strongly to breach 461.90$ level and approach ...