Gold price gathers the positive momentum – Analysis - 05-06-2019
Economies.com
2019-06-05 04:09AM UTC
Gold price fluctuates within sideways track since yesterday and settles around 1325.00, and it needs to get rid of its negative momentum and get enough positive momentum to push trades to resume the main bullish trend, which targets 1346.70 level as a next station.
In general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1302.60, noting that the EMA50 keeps supporting the suggested bullish wave.
The expected trading range for today is between 1315.00 support and 1346.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
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 Technical Analysis
Commodities
Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Commodities
Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Commodities
Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...