Gold price approaches the target – Analysis - 18-08-2022
Economies.com
2022-08-18 04:13AM UTC
Gold price continues to decline to approach our waited target at 1755.25, falling under continuous negative pressure coming by the EMA50, to support the chances of surpassing the mentioned level and open the way to suffer more losses on the intraday basis, noting that breaking this level will push the price to 1726.60 as a next negative station.
Until now, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1779.25 and hold above it.
The expected trading range for today is between 1750.00 support and 1780.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...