Gold price approaches the target – Analysis - 12-07-2018
Economies.com
2018-07-12 03:51AM UTC
Gold price showed more negative trades on yesterday’s evening to approach our waited target at 1236.41, falling under continuous negative pressure that comes by the EMA50, reinforcing the chances of continuing the decline and break the mentioned level to open the way to extend Gold price losses to reach 1204.00 on the short term basis.
Therefore, the bearish trend will remain suggested in the upcoming sessions unless the price managed to breach 1267.00 level and hold with a daily close above it.
Expected trading range for today is between 1230.00 support and 1255.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
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 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 ...