Gold leans on the sideways range support 05/12/2012
Economies.com
2012-12-05 05:50AM UTC
The price hit the sideways range support at 1692.00 and bounced to the upside, which makes our expectations for the sideways trading range remain valid, and the target now is the resistance of this range at 1731.00.
Therefore, the sideways range will remain the dominant until achieving a breach for one of the aforementioned level which will offer signals for the next trend on the short term basis.
Expected trading range for today is between: 1692.00 support and 1731.00 resistance.
Expected trend for today: sideways
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...