Gold price achieves strong gains – Analysis - 03-07-2019

Economies.com
2019-07-03 04:54AM UTC

Gold price rallied upwards sharply on yesterday’s evening to achieve the positive target mentioned in our last technical update at 1439.00, to return to the main bullish track again, noting that breaching the mentioned level will extend the bullish wave to target 1500.00 areas in the upcoming period.

 

Therefore, the bullish trend will be suggested for the upcoming period unless breaking 1400.00 level and holding below it, as breaking it will push the price back to the correctional bearish track again.

 

The expected trading range for today is between 1410.00 support and 1440.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...