Gold price gets a negative close – Analysis - 03-12-2021
Economies.com
2021-12-03 02:34AM UTC
Gold price closed yesterday below 1770.00 level, to add more confirmation to the continuation of the bearish trend on the intraday and short term basis, which targets 1734.00 as a next main station.
The EMA50 continues to press negatively on the price to support the expectations to decline, noting that failing to consolidate below 1770.00 will push the price to achieve intraday gains and test 1797.00 areas again before any new attempt to decline.
The expected trading range for today is between 1750.00 support and 1785.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...