Gold keeps its negative stability – Analysis - 25-09-2017
Economies.com
2017-09-25 03:39AM UTC
Gold price begins to rebound bearishly after retesting 1299.20 level, supported by the negative signal provided by stochastic, besides the negative pressure coming by the EMA50, to reinforce the chances of continuing the correctional bearish trend that its next target located at 1281.17.
Therefore, the bearish bias will be dominant in the upcoming sessions unless breaching 1299.20 level and holding above it, as breaching this level will push the price to start recovery attempts that target 1321.49 areas initially.
Expected trading range for today is between 1281.17 support and 1300.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold prices mount to fresh record highs for second straight session
2024-05-20 19:53PM UTC
Gold prices rose on Monday to a fresh record high while the dollar inched up against most main ...
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 20-05-2024
2024-05-20 10:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is facing temporary negative ...
Commodities
Crude oil price forecast update 20-05-2024
2024-05-20 10:41AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support ...
Commodities
Silver price forecast update 20-05-2024
2024-05-20 10:40AM UTC
Silver Price Analysis Expected Scenario Silver price shows some bearish bias now, ...