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

Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Gold Analysis

Commodities

End of day gold price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Gold price rallied upwards strongly to succeed touching our waited target at 2222.86$ and attempts ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...