Gold price faces solid support – Analysis - 06-10-2021

Economies.com
2021-10-06 03:59AM UTC

Gold price continues to fluctuate around the breached resistance of the bearish channel that appears on the chart, waiting to get negative motive that assists to push the price to break the support line formed at 1755.00 and confirm rallying towards our main expected target at 1735.00.

 

In general, we will continue to suggest the bearish trend for the upcoming period as long as 1770.00 level remains intact, as breaching this level will lead the price to turn to rise and achieve gains that start by visiting 1800.00 areas.

 

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

 

The expected trend for today: Bearish

Commodities News

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 ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices extend losses after a spike in US inventories
2024-03-27 13:21PM UTC
Oil prices declined in European trade on Wednesday, extending losses for the second session, with ...

Commodities Technical Analysis

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 ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...
Silver Analysis

Commodities

Silver price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Silver Price Analysis Silver price faces expected negative pressure to test the key support ...