Gold price approaches the support – Analysis - 28-11-2018
Economies.com
2018-11-28 05:45AM UTC
Gold price showed clear negative trades yesterday to approach 1208.40 level, and the price still inside the correctional bullish channel that appears on the chart, which keeps the bullish trend scenario active until now, which targets testing 1238.30 level mainly.
We should note that breaking 1208.40 and holding below it will stop the suggested positive scenario and put the price under negative pressure that targets 1200.00 followed by 1180.00 levels as next main stations.
Expected trading range for today is between 1200.00 support and 1230.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...