Gold price breaches the resistance – Analysis - 29-04-2019
Economies.com
2019-04-29 04:35AM UTC
Gold price confirmed breaching 1282.00 level after closing the daily candlestick above it, to turn towards achieving potential gains in the upcoming sessions, and it is expected to head towards testing 1302.60 mainly.
Therefore, the bullish bias will be suggested for today supported by moving above the EMA50, noting that breaking 1275.30 will stop the expected rise and push the price to return to the correctional bearish track again.
The expected trading range for today is between 1275.30 support and 1302.60 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
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 Technical Analysis
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...
Commodities
Platinum price leans above the moving average – Forecast today – 7-5-2024
2024-05-07 05:31AM UTC
Expected Scenarios and Trading Range Scenario 1: Positive Stability Platinum price maintains ...