Gold price completes negative pattern – Analysis - 10-12-2021
Economies.com
2021-12-10 05:24AM UTC
Gold price provided clear negative trades yesterday, and completed forming bearish flag pattern that its signs appear on the chart, to get negative motive that we expect to assist to push the price to achieve the waited negative targets, which start at 1770.00 and extend to 1734.00 after breaking the previous level.
The EMA50 continues to support the expected bearish trend, which will remain valid unless the price rallied to breach 1797.00 and hold above it.
The expected trading range for today is between 1755.00 support and 1795.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...