Gold price declines calmly – Analysis - 18-10-2018

Economies.com
2018-10-18 04:36AM UTC

Gold price shows slight negative trades to start testing 1220.00 level, to continue suggesting the bearish trend on the intraday basis, which targets testing 1208.40 level mainly, being aware that it is important to monitor the price behavior when reaching this level, as breaking it will push the price to resume the main bearish trend, to target 1188.00 as a next station.

 

On the other hand, breaching 1230.00 followed by 1238.31 levels will lead the price to resume the correctional bullish trend that its next target located at 1262.51.

 

Expected trading range for today is between 1208.00 support and 1230.00 resistance.

 

Expected trend for today: Bearish

Commodities News

Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Gold Analysis

Commodities

End of day gold price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Gold price rallied upwards strongly to succeed touching our waited target at 2222.86$ and attempts ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...