Gold price attempts to recover – Analysis - 29-04-2022

Economies.com
2022-04-29 01:24AM UTC

Gold price ended yesterday above 1890.00 level, to head towards attempting to recover on the intraday basis, expecting to test the intraday bearish channel’s resistance before bouncing bearishly to resume the main bearish trend, supported by stochastic loss to the positive momentum clearly.

 

Therefore, the overall bearish trend will remain valid unless the price continued to rise to breach 1905.00 and hold above it, reminding you that our next main target reaches 1850.00.

 

The expected trading range for today is between 1870.00 support and 1910.00 resistance.

 

The expected trend for today: Bearish

Commodities News

Brent Oil News

Commodities

Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Gold News

Commodities

Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Oil 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 Technical Analysis

Coffee Analysis

Commodities

Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Natural gas Analysis

Commodities

Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...
Platinum Analysis

Commodities

Platinum price leans above the moving average – Forecast today – 7-5-2024
2024-05-07 05:31AM UTC
Expected Scenarios and Trading Range Scenario 1: Positive Stability Platinum price maintains ...