Gold price resumed its advance in latest intraday trading after trying to collect some recent profits and gather positive momentum to regain its footing, after reaching our price target of $3120, amid the complete dominance of the upward trend, while the price trades alongside the secondary short-term trend line.
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Natural gas price held its ground above the $3.750 support, forming a base for multiple ascending waves, with the price steadying near the $4.180 target, representing a strong barrier against upcoming bullish trading.
The Stochastic might provide the price with some positive signals soon which could boost it towards $4.260 then $4.480.
Expected trading range today is between $4.120 and $4.260.
Today’s price forecast: Bullish
Platinum price kept trying to regain the upward trend with positive signals from major indicators, thus holding its ground above the 55 SMA, which recently represented an additional support at $964.00, with the price snagging some gains by wavering near $990.00.
The price will likely form additional ascending waves and might try to pressure the $1000.00 barrier, with a breach sending the price towards the 61.8% Fibonacci retracement level near $1017.
Expected trading range today is between $975 and $1000.
Today’s price forecast: Bullish
Even as the Stochastic continues to send out negative signals, as the price holds its ground above $5.00, it underpins the upward trend, however the price might engage in some sideways trading to gather enough momentum and rush towards $5.150, then target the major resistance at $5.340.
However, a breach of $5.00 would send the price towards more correctional negative trades towards $4.9200, then $4.8100.
Expected trading range today is between $5.000 and
$5.1500.
Today’s price forecast: Bullish