Gold activates the negative pattern 29/11/2012

Economies.com
2012-11-29 06:00AM UTC

The price collapsed to break the rising wedge support mentioned in our last report, where the wedge’s negative effect shown by pushing the price towards levels near to 1700.00

 

We expect that the price might be traded now in sideways range between the correction levels which shown in the image between 1731.00 and 1692.00, while surpassing one of these levels the price will provide a clearer trend on the short term basis.

 

Expected trading range for today is between: 1700.00 support and 1744.00 resistance.

 

Expected trend for this week: sideways 

Commodities News

Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices extend losses after a spike in US inventories
2024-03-27 13:21PM UTC
Oil prices declined in European trade on Wednesday, extending losses for the second session, with ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price faces solid support – Forecast today – 28-3-2024
2024-03-28 05:37AM UTC
Natural Gas Price Analysis and Forecast Expected Scenarios Faced solid historical support at ...
Platinum Analysis

Commodities

Platinum price repeats the positive closings – Forecast today – 28-3-2024
2024-03-28 05:34AM UTC
Platinum Price Analysis and Forecast Expected Scenarios Platinum price still holding above ...
Copper Analysis

Commodities

Copper price tends towards the positivity – Forecast today – 28-3-2024
2024-03-28 05:33AM UTC
Copper Price Analysis and Forecast Expected Scenarios Copper price ended the temporary negative ...