Gold price begins positively – Analysis - 27-02-2020
Economies.com
2020-02-27 05:42AM UTC
Gold price begins today’s trading positively after consolidating above 1635.20, to approach testing 1655.90 barrier, getting positive support by the EMA50 and stochastic, to reinforce the chances of breaching the last level followed by opening the way to head towards our next target that reaches 1720.00.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, reminding you that it is important to hold above 1635.20 to achieve the waited targets.
The expected trading range for today is between 1635.00 support and 1670.00 resistance.
The expected trend for today: Overall 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 ...