Gold price gets the positive momentum – Analysis - 12-08-2019
Economies.com
2019-08-12 05:16AM UTC
Gold price shows some slight bearish bias to fluctuate around 1495.00 level now, noticing that stochastic shows oversold signals now, waiting to motivate the price to resume the main bullish trend, which its targets begin by breaching 1510.00 to confirm rallying towards our main waited target at 1526.85.
Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 1484.40, as breaking it will press on the price to start correctional bearish wave that targets testing 1468.40 areas initially.
The expected trading range for today is between 1484.40 support and 1525.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
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 ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...