Gold price breaches the resistance – Analysis - 11-01-2022

Economies.com
2022-01-11 04:49AM UTC

Gold price breached 1797.00 level clearly and closed the daily candlestick above it, to stop the recently suggested negative scenario and turn to rise, on its way to visit 1825.15 level as a first main station.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 1797.00 and holding below it.

 

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Palladium News

Commodities

Palladium regains footing but remains below $1000
2024-05-10 14:55PM UTC
Palladium prices rose on Friday even as the dollar inched higher against major rivals, however, the ...
Silver News

Commodities

Silver prices rush to three-week highs as US yields taper off
2024-05-10 11:46AM UTC
Silver prices rose in European trade on Friday on track for the third straight profit, scaling a ...
Gold News

Commodities

Gold reverses higher as dollar dips after weak data
2024-05-09 19:44PM UTC
Gold prices rose on Thursday as the dollar index declined against most major rivals following ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 10-05-2024
2024-05-10 17:33PM UTC
Crude oil price trades with strong negativity to approach our waited target at 77.64$, to support ...
Brent oil Analysis

Commodities

Brent oil price forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios Brent oil price trades negatively now in attempt to resume the ...
Oil Analysis

Commodities

Crude oil price forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios Crude oil price shows negative trades to attempt to return below ...