Gold price hits the target – Analysis - 29-07-2022
Economies.com
10 months ago
Gold price succeeded to achieve our waited target at 1755.70, and begins today with additional bullish bias to breach this level and confirm the continuation of the correctional bullish trend, targeting 1770.00 followed by 1779.25 levels as next stations.
Therefore, we expect to witness more bullish bias within the intraday bullish channel that appears on the chart, taking into consideration that failing to breach 1770.00 will stop the bullish wave and press on the price to return to the main bearish track again.
The expected trading range for today is between 1745.00 support and 1780.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold climbs over 1%, approaching $2,000 once more
5 hours ago
Gold prices rose on Thursday as the dollar lost ground against most major rivals following ...
Commodities
Oil climbs to five-week high as dollar weakens
12 hours ago
Oil prices rose in European trade on Thursday for a second session, almost hitting five-week highs ...
Commodities
Gold gains ground as dollar tapers off
16 hours ago
Gold prices rose in European trade, resuming gains as the dollar slowed down against major ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 08-06-2023
15 hours ago
Brent oil price resumes its negative trading to break 76.80 level and attempt to hold below it, ...
Commodities
Midday update for Crude oil 08-06-2023
15 hours ago
Crude oil price shows negative trades to head towards testing potential test to the key support ...
Commodities
Midday update for Silver 08-06-2023
15 hours ago
Silver price returns to attack 23.00 level, motivated by the positive overlapping signal provided ...