Gold price faces the moving average – Analysis - 05-06-2020
Economies.com
2020-06-05 04:36AM UTC
Gold price faces solid resistance formed by the EMA50, to show some bearish bias by today’s open, affected by stochastic negativity, and it might test 1691.10 again before turning back to rise.
In general, the bullish trend scenario still valid as long as the price is above the mentioned support, as breaking it will press on the price to achieve more bearish correction that targets 1646.00 level asa next negative station, while the price needs to breach 1721.00 to ease the mission of heading towards our first positive target at 1764.00.
The expected trading range for today is between 1690.00 support and 1750.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 30-04-2024
2024-04-30 17:48PM UTC
Crude oil price traded with strong negativity to succeed achieving our waited target at 81.50$ and ...
Commodities
Brent oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price still confined between the ...
Commodities
Crude oil price forecast update 30-04-2024
2024-04-30 09:24AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows some bullish bias to ...