Gold price gets a positive signal – Analysis - 11-12-2018

Economies.com
2018-12-11 05:24AM UTC

Gold price begins today’s trading with calm rise that hints the attempt to resume the expected bullish trend on the intraday basis, noticing that stochastic provides positive signals now, to motivate the price to continue rising in the upcoming sessions, reminding you that our next target is located at 1262.51.

 

The EMA50 continues to support the suggested bullish wave, which its continuation conditions holding above 1238.30.

 

Expected trading range for today is between 1238.00 support and 1262.50 resistance.

 

Expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Oil News

Commodities

Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Gold 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 Technical Analysis

Technical Analysis

Commodities

Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...
Technical Analysis

Commodities

Soybean price reactivates the correctional scenario – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Soybean Price Analysis Soybean price breached the 1193.10$ level clearly and closed the daily ...
Technical Analysis

Commodities

Corn price hits the target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Corn Price Analysis Corn price rallied upwards yesterday to succeed achieving our first waited ...