Gold price approaches the target – Analysis - 05-08-2022
Economies.com
1 year ago
Gold price shows additional positive trades to approach our waited target at 1802.80, organized inside the intraday bullish channel that appears on the chart, which supports the chances of breaching the mentioned level to achieve additional gains that reach 1831.95.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1779.25 and the most important above 1755.70.
The expected trading range for today is between 1775.00 support and 1810.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Is that the real reason behind Saudi Arabia's crude production cuts?
4 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Commodities
Palladium declines as dollar muscles up amid global inflation concerns
6 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Commodities
Oil prices climb for second straight day
9 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 22-09-2023
11 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Commodities
Midday update for Crude oil 22-09-2023
11 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Commodities
Midday update for Silver 22-09-2023
11 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...