Gold price awaits confirmation signal – Analysis - 28-09-2020
Economies.com
2020-09-28 03:56AM UTC
Gold price fluctuates near the key support 1860.90, and the price still stuck between the key levels represented by this support and 1877.00 resistance, as the price needs to breach one of these levels to detect its next destination clearly, thus, we will continue with our neutrality until now.
We remind you that breaking the mentioned suppoed will press on the price to continue the decline and achieve new negative targets that reach 1794.85, while breaching the resistance will push the price to attempt to recover and achieve intraday gains that start by testing 1901.80 followed by 1911.00 levels.
The expected trading range for today is between 1830.00 support and 1900.00 resistance.
The expected trend for today: Neutral
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
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
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 ...