Gold price breaks the support – Analysis - 20-04-2022
2022-04-20 01:34AM UTC

Gold price ended yesterday below 1960.00 level, to fall under more expected negative pressure in the upcoming sessions, on its way to visit 1925.35 mainly.


Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, taking into consinderation that breaching 1960.00 and holding above it will reactivate the bullish trend scenario that its next target located at 2000.00.



The expected trading range for today is between 1925.00 support and 1965.00 resistance.


The expected trend for today: Bearish

Commodities News

Gold News


Gold resumes gains as US treasury yields decline
2023-12-05 08:55AM UTC
Gold prices rose in European trade on Tuesday, resuming gains and moving off recent record highs as ...
Gold News


Gold gives up record high as dollar strengthens
2023-12-04 17:26PM UTC
Gold prices fell on Monday as the dollar index rose against most major rivals, moving away from ...
Copper News


Copper loses over 2% as dollar edges up, while Chinese concerns resurface
2023-12-04 16:51PM UTC
Copper prices fell on Monday as the dollar rose against a basket of major rivals, amid growing ...

Commodities Technical Analysis

Gold Analysis


Evening update for Gold 05-12-2023
2023-12-05 17:01PM UTC
Gold price resumes its negative trading to approach the bullish channel’s support line, and ...
Brent oil Analysis


Midday update for Brent oil 05-12-2023
2023-12-05 10:35AM UTC
Brent oil price shows clear positive trading, to attack the critical resistance at 79.20, affected ...
Oil Analysis


Midday update for Crude oil 05-12-2023
2023-12-05 10:35AM UTC
Crude oil price trades positively, attempting to breach 73.73 level, which requires being aware ...