Gold price hits the extended targets – Analysis - 30-11-2020
Economies.com
2020-11-30 05:14AM UTC
Gold price opened today’s trading with additional strong decline to succeed touching our waited targe tat 1765.00, facing more negative pressure that encourages us to suggest the continuation of the bearish trend in the upcoming period, paving the way to head towards 1691.85 areas as a next main station.
Therefore, the bearish trend will remain dominant on the intraday and short term basis, taking into consideration that failing to break 1765.00 will lead the price to start recovery attempts that target testing 1794.84 areas initially before any new attempt to decline.
The expected trading range for today is between 1750.00 support and 1785.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 20-05-2024
2024-05-20 10:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is facing temporary negative ...
Commodities
Crude oil price forecast update 20-05-2024
2024-05-20 10:41AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support ...
Commodities
Silver price forecast update 20-05-2024
2024-05-20 10:40AM UTC
Silver Price Analysis Expected Scenario Silver price shows some bearish bias now, ...