Gold price breaks the support – Analysis - 26-10-2020
Economies.com
2020-10-26 03:52AM UTC
Gold price ended last friday below 1901.80 level, starting today with bearish bias in attempt to move away from the mentioned level, which activates the bearish trend scenario on the intraday basis, on its way to head towards 1860.90 as a next negative target.
Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that breaching 1901.80 – 1908.60 levels will stop the suggested decline and push the price to recover again.
The expected trading range for today is between 1875.00 support and 1915.00 resistance.
The expected trend for today: Bearish
Commodities News
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
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Commodities
Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Commodities
Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...