Gold price is recovering – Analysis - 18-09-2023
4 days ago

Gold price shows more bullish bias, and attempts to breach 1929.00 level now, to support the chances of continuing the positive trades and head to achieve gains that reach 1945.20 initially.


Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity.


On the other hand, we should note that failing to breach 1929.00 will push the price to decline and visit 1913.15 areas again.



The expected trading range for today is between 1920.00 support and 1945.20 resistance.


The expected trend for today: Bullish

Commodities News

Oil News


Is that the real reason behind Saudi Arabia's crude production cuts?
9 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Palladium News


Palladium declines as dollar muscles up amid global inflation concerns
11 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Oil News


Oil prices climb for second straight day
14 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...

Commodities Technical Analysis

Brent oil Analysis


Midday update for Brent oil 22-09-2023
16 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Oil Analysis


Midday update for Crude oil 22-09-2023
16 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Silver Analysis


Midday update for Silver 22-09-2023
16 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...