Gold price achieves more gains – Analysis - 02-12-2020
Economies.com
2020-12-02 04:55AM UTC
Gold price settled above 1805.00 level, but it faces solid resistance formed by the EMA50, which pushes the price to provide some temporary bearish bias before turning back to resume the bullish bias.
The price needs to get enough positive momentum to push trades to breach 1818.00 to confirm rallying towards achieving more expected gains in the upcoming sessions, to continue suggesting the bullish trend conditioned by the price stability above 1795.00, as breaking this level will press on the price to return to the main bearish trach again, while the next positive target is located at 1838.10.
The expected trading range for today is between 1795.00 support and 1838.00 resistance.
The expected trend for today: Bullish
Commodities News
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
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...