Gold price begins negatively – Analysis - 04-02-2019

Economies.com
2019-02-04 04:52AM UTC

Gold price opens today’s trading with bearish bias to break 1316.65 level and settles below it, which puts the price under expected negative pressure on the intraday basis, targeting testing 1295.00 followed by 1286.70 levels mainly.

 

Therefore, the bearish bias will be suggested in the upcoming sessions unless the price managed to breach 1316.65 level and hold above it again.

 

Expected trading range for today is between 1295.00 support and 1320.00 resistance.

 

Expected trend for today: Bearish

Commodities News

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 ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...
Silver Analysis

Commodities

Silver price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Silver Price Analysis Silver price faces expected negative pressure to test the key support ...