Gold price gets a negative signal – Analysis - 04-05-2022
Economies.com
2022-05-04 04:12AM UTC
Gold price resumes its negative trades after the temporary rise that it witnessed yesterday, noticing that stochastic overlaps negatively now, to support the chances of continuing the bearish bias in the upcoming sessions, which gets continuous support by the EMA50, reminding you that our targets begin by breaking 1850.00 to confirm opening the way to head towards 1820.00 followed by 1780.00.
The bearish channel continues to organize the suggested bearish wave, which will remain valid conditioned by the price stability below 1890.00.
The expected trading range for today is between 1840.00 support and 1880.00 resistance.
The expected trend for today: Bearish
Commodities News
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
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...