Gold negotiates the support – Analysis - 28-04-2017
Economies.com
2017-04-28 03:58AM UTC
Gold price settles at 1263.17 level, and the price falls under continuous negative pressure formed by the EMA50, which makes it harder to the mission of resuming the recently suggested bullish trend, waiting to get enough positive momentum to push the price to rise again.
In general, we will continue to suggest the bullish trend unless breaking 1263.17 level and holding below it, noting that our main targets begin by breaching 1282.00 to confirm extend the bullish wave towards 1300.00 followed by 1340.00.
Expected trading range for today is between 1255.00 support and 1290.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities
Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...
Commodities
Gold gives up two-week high following aggressive remarks
2024-05-13 10:00AM UTC
Gold prices fell in European trade on Monday for the first day in three away from two-week highs on ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Brent oil price Expected Scenario Brent oil price shows bullish bias now, affected by ...
Commodities
Crude oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Crude oil price Expected Scenario Crude oil price trades positively to head towards ...
Commodities
Silver price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Silver price Expected Scenario Silver price continues to fluctuate near 28.00$ level, ...