Gold price approaches the first target – Analysis - 08-07-2020
Economies.com
2020-07-08 04:32AM UTC
Gold price resumed its positive trading clearly on yesterday’s evening to reach the thresholds of the first target 1800.00, reinforcing the expectations of continuing the main bullish trend, noting that we suggest the continuation of the bullish bias to achieve additional positive targets that extend to 1825.00 followed by 1855.00.
Therefore, the positive scenario will remain valid for the upcoming period supported by the EMA50, noting that holding above 1760.00 is important to achieve the suggested targets.
The expected trading range for today is between 1780.00 support and 1815.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Commodities
Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Commodities
Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...