Gold needs positive motive – Analysis - 21-04-2017
Economies.com
2017-04-21 03:57AM UTC
Gold price keeps its stability above the EMA50 that forms good support base for the intraday trading, to protect the continuation of trading inside the bullish channel that appears on chart, waiting to resume the bullish bias that its first target located at 1300.00.
Therefore, we will keep our positive overview unless breaking 1263.17 level and holding below it, as breaking this level will push the price to visit the main bullish channel's support around 1230.00 before any new attempt to rise, noting that breaching 1300.00 will extend the bullish wave to reach 1340.00.
Expected trading range for today is between 1270.00 support and 1300.00 resistance.
Expected trend for today: Bullish
Commodities 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 ...
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 ...
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
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...
Commodities
Platinum price leans above the moving average – Forecast today – 7-5-2024
2024-05-07 05:31AM UTC
Expected Scenarios and Trading Range Scenario 1: Positive Stability Platinum price maintains ...