Gold approaches the target – Analysis - 22/08/2014
Economies.com
2014-08-22 05:25AM UTC
Gold price continues its negative trading to approach gradually from our waited target at 1266.00, which represents conjunction of 61.8% Fibonacci level with the main support that appears on the above chart, while stochastic provides positive signals that attempt to protect the price from suffering more losses.
Until now, the bearish bias will be suggested as long as the price is below 1290.00, as breaching this level will motivate the price to turn back to the main bullish trend again.
Expected trading range for today is between: 1266.00 support and 1300.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
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 $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
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 ...