Gold price confirms the breach – Analysis - 24-08-2023
Economies.com
2023-08-24 04:05AM UTC
Gold price ended yesterday above 1913.15 level, to confirm opening the way to continue the bullish wave and achieve new positive targets that start at 1929.00 and extend to 1945.20.
Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50 that carries the price from below, noting that breaking 1913.15 will stop the expected rise and push the price to decline again.
The expected trading range for today is between 1905.00 support and 1940.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Palladium driven lower by dollar's strength
2024-06-14 15:05PM UTC
Palladium prices fell on Friday as the dollar muscled up against most major rivals, and amid ...
Commodities
Gold prices rise 1.25% as US yields decline
2024-06-14 11:58AM UTC
Gold prices rose 1.25% in European trade on Friday on track for the first weekly profit in a month, ...
Commodities
Gold declines 1.5% as dollar strengthens
2024-06-13 18:59PM UTC
Gold prices fell on Thursday as the dollar rallied against most major rivals following ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-06-2024
2024-06-17 09:11AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price resumes its positive trades to ...
Commodities
Crude oil price forecast update 17-06-2024
2024-06-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear positivity ...
Commodities
Silver price forecast update 17-06-2024
2024-06-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price keeps its stability below 29.30$ ...