Gold price attemps to breach – Analysis - 14-02-2020
Economies.com
2020-02-14 05:57AM UTC
Gold price continues to fluctuate around 1575.90 level, and we still waiting to breach this level to confirm extending the bullish wave on the intraday and short term basis, as our next target is located at 1611.20.
Stochastic current negativity interprets the reasons of the difficulty of achieving the required breach, waiting to get enough positive momentum to push the price to surpass 1575.90 and continue the expected rise, reminding you that the continuation of the bullish wave requires holding above 1554.10.
The expected trading range for today is between 1560.00 support and 1595.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Wheat price begins negatively – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Wheat Price Analysis Expected Scenarios Wheat price provided strong positive trades in the ...
Commodities
Sugar price within sideways range – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Sugar Price Analysis Expected Scenarios Sugar price fluctuates within sideways range as ...
Commodities
Soybean price keeps rising – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Soybean Price Analysis Expected Scenarios Soybean price shows more bullish bias to settle ...