Gold price approaches the target – Analysis - 06-03-2019
Economies.com
2019-03-06 04:45AM UTC
Gold price settles around 1285.00 level after the decline that it witnessed yesterday, noticing that stochastic loses the positive momentum clearly to reach the overbought areas’ thresholds, to provide negative motive that we are waiting to push the price to resume the bearish wave, which targets 1275.30 level mainly.
Therefore, the bearish bias will remain suggested for today conditioned by the price stability below 1302.60, reminding you that surpassing the mentioned target will push the price to visit the next correctional level at 1253.20.
The expected trading range for today is between 1270.00 support and 1300.00 resistance.
The expected trend for today: Bearish
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 ...