Gold price begins to recover – Analysis - 18-09-2020
Economies.com
2020-09-18 03:30AM UTC
Gold price tested 1934.86 level and bounced bullishly from there, which keeps our bullish overview for the upcoming period, as the price surpassed the EMA50 to head towards our first waited target at 1967.90, reminding you that breaching this level will extend the bullish wave to reach 2008.80 as a next station.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that breaking 1934.86 and holding below it will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1930.00 support and 1980.00 resistance.
The expected trend for today: Overall Bullish
Commodities News
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities Technical Analysis
Commodities
Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Commodities
Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Commodities
Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...