Gold price gets the positive momentum – Analysis - 30-03-2020
Economies.com
2020-03-30 04:41AM UTC
Gold price fluctuates within sideways track recently and still below 1633.60, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waitin to motivate the price to resume the positive trades and breach the mentioned level to confirm opening the way to achieve our next target that reaches 1689.30.
Therefore, we will keep our bullish overview for the upcoming period supported by the EMA50 that carries the price from below, reminding you that the continuation of the expected rise conditioned by the price stability above 1599.10.
The expected trading range for today is between 1600.00 support and 1650.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...