Gold price awaits confirmation signal – Analysis - 25-01-2021

Economies.com
2021-01-25 02:24AM UTC

Gold price remains confined between the critical levels that are represented by 1850.80 support and 1871.55 resistance, which makes us stay neutral until confirming breaching one of these levels then detecting its next targets clearly.

 

Remidning you that breaking the mentioned support will push the price to decline towards 1838.10 then 1800.00 as next main stations, while braeching the resistance represents the extension key of the bullish correctional wave on the intraday basis to target 1888.30 then 1905.05 mainly.

 

The expected trading range for today is between 1840.00 support and 1875.00 resistance.

 

The expected trend for today: Neutral

Commodities News

Gold News

Commodities

Gold hits fresh record highs, marking a 6% quarterly profit
2024-03-28 20:28PM UTC
Gold Prices Gold prices rose on Thursday to fresh record highs while the dollar eked out gains ...
Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price returns to the bullish correction – Forecast today - 29-03-2024
2024-03-29 01:50AM UTC
Wheat Price Analysis Expected Scenario: Continuing Bullish Momentum Wheat price rallied ...
Technical Analysis

Commodities

Sugar price completes the positive pattern – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Sugar Price Analysis Expected Scenario: Continuing Bullish Trend Sugar price managed to breach ...
Technical Analysis

Commodities

Soybean price keeps the positive stability – Forecast today - 29-03-2024
2024-03-29 01:49AM UTC
Soybean Price Analysis Expected Scenario: Continuing Bullish Trend Soybean price attempted to ...