Gold price gets a positive close – Analysis - 12-11-2021
Economies.com
2021-11-12 05:18AM UTC
Gold price begins today’s trading with slight bearish bias to move below 1860.00, but we will depend on the daily close above this level to continue suggesting the bullish trend for the upcoming period, waiting to visit 1900.00 level mainly.
The EMA50 supports the suggested bullish wave, noting that failing to consolidate above 1860.00 will press on the price to achieve additional decline that targets testing 1825.15. areas before any new attempt to rise.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish
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 ...