Gold price declines strongly – Analysis - 08-11-2019
Economies.com
2019-11-08 05:38AM UTC
Gold price traded with strong negativity to move away from 1489.00 level, which supports the continuation of our bearish trend expectations on the intraday and short term basis, and the way is open to achieve our first waited target at 1447.00, reminding you that breaking this level will push the price to 1413.10 as a next correctional target.
Therefore, the negative scenario will remain dominant in the upcoming sessions unless the price rallied to breach 1489.00 level and hold above it.
The expected trading range for today is between 1447.00 support and 1480.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price broke the 87.67$ level ...
Commodities
Crude oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price resumes its negative trading ...
Commodities
Silver price forecast update 18-04-2024
2024-04-18 11:11AM UTC
Silver Price Analysis Expected Scenario Silver price is attempting to return to the ...