Gold price declines again – Analysis - 22-11-2019
Economies.com
2019-11-22 05:56AM UTC
Gold price settled below the correctional bearish channel’s resistance, witnessing signs of rising wedge pattern that the price attempts to break its support line, which supports the chances of achieving more decline in the upcoming sessions, on its way to visit 1447.00 level initially.
Therefore, the bearish bias will be suggested for today, noting that surpassing the mentioned target will push the price to 1413.00 as a next correctional station, while holding below 1489.00 represents the most important condition to continue the expected decline.
The expected trading range for today is between 1445.00 support and 1475.00 resistance.
The expected trend for today: Bearish
Commodities News
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
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...