Gold price breaches the resistance – Analysis - 26-12-2018
Economies.com
2018-12-26 05:31AM UTC
Gold price begins today’s trading with clear positivity to attack the correctional bullish channel’s resistance and attempts to hold above it, which makes us stay aside temporarily in order to monitor the price behavior according to 1270.00 level, as settling with a daily close above it will confirm the continuation of the bullish bias towards 1286.70 as a next positive station, while trading below it again will reactivate the bearish trend scenario that targets 1238.30 areas mainly.
Expected trading range for today is between 1260.00 support and 1285.00 resistance.
Expected trend for today: Neutral
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
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...