Gold price approaches the first target – Analysis - 14-02-2019

Economies.com
2019-02-14 05:07AM UTC

Gold price returns to settle within the intraday bearish channel and below the EMA50, reinforcing the expectations of continuing the expected bearish trend on the intraday basis, as the price approaches our first waited target now at 1300.00, noting that surpassing this level will push the price towards 1286.70 direct.

 

Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1316.65.

 

The expected trading range for today is between 1286.00 support and 1320.00 resistance.

 

The expected trend for today: Bearish

Commodities News

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 ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices extend losses after a spike in US inventories
2024-03-27 13:21PM UTC
Oil prices declined in European trade on Wednesday, extending losses for the second session, with ...

Commodities Technical Analysis

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 ...
Silver Analysis

Commodities

Silver price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Silver Price Analysis Silver price faces expected negative pressure to test the key support ...