Gold price breaches the resistance – Analysis - 06-05-2021
Economies.com
2021-05-06 00:45AM UTC
Gold price had enough by touching 1770.00 level, to rebound bullishly and breach the intraday bearish channel’s resistance, which stop the temporary negative scenario and lead the price to resume the main bullish trend again, paving the way to head towards 1800.00 followed by 1838.00 levels as next main stations.
The EMA50 supports the expected rise, noting that breaking 1784.00 will put the price under the negative pressure again to head towards testing 1765.00 mainly.
The expected trading range for today is between 1775.00 support and 1810.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the ...
Commodities
Crude oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Crude oil price provided new positive trades to reach 83.40$ areas, and bounced bearishly to ...
Commodities
Silver price forecast update 23-04-2024
2024-04-23 11:06AM UTC
Silver price shows new negative trades to attack 26.90$ and attempts to hold below it, to stop the ...