Gold price hits the target – Analysis - 26-05-2023
1 week ago

Gold prices settles around 1945.20 level, noticing that the price closed the last daily candlestick below it, reinforcing the chances of achieving more bearish correction on the intraday and short term basis, waiting to visit 1913.15 as a next main target.


The bearish channel organizes the correctional bearish wave, which gets continuous support by the EMA50, noting that the consolidation of the current support areas against the negative pressure will push the price to rebound bullishly and achieve intraday gains that start by testing 1977.25.


The expected trading range for today is between 1925.00 support and 1960.00 resistance.


The expected trend for today: Bearish

Commodities News

Gold News


Gold extends gains but still trades below $2,000
13 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Copper News


Copper loses momentum amid economic concerns and technical signals
16 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...
Oil News


Oil backs off five-week high on economic concerns
18 hours ago
Oil prices fell in European trade for the first session in four off five-week high on ...

Commodities Technical Analysis

Natural gas Analysis


Natural gas price without any change – Analysis – 7-6-2023
3 hours ago
Natural gas price still waiting for any motivate to manage to exit the recently dominating calm ...
Platinum Analysis


Platinum price fluctuates below the barrier – Analysis – 7-6-2023
3 hours ago
Platinum price still consolidated below 1040.00 barrier until now, to hinder the chances of ...
Copper Analysis


Copper price needs new momentum – Analysis – 7-6-2023
3 hours ago
Copper price kept its positive stability above 3.5700 support line, to increase the chances of ...