Gold price is recovering – Analysis - 18-09-2023

Economies.com
2023-09-18 04:02AM UTC

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

Gold News

Commodities

Gold falls over 1% and marks weekly losses
2024-06-21 20:25PM UTC
Gold prices fell on Friday as the dollar gained ground against most major rivals, with the precious ...
Palladium News

Commodities

Palladium climbs to three-week high
2024-06-21 15:43PM UTC
Palladium prices rose on Friday with a 3% surge, hitting three-week highs and becoming the best ...
Oil News

Commodities

Oil approaches second weekly profits as demand improves
2024-06-21 14:52PM UTC
Oil futures were mostly flat on Friday but headed for the second weekly profit in a row amid signs ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 21-06-2024
2024-06-21 17:17PM UTC
Crude oil price shows more bearish bias to head towards testing the bullish channel’s support ...
Silver Analysis

Commodities

End of day silver price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Silver price broke 30.06$ level clearly and heads toward achieving more expected decline in the ...
Brent oil Analysis

Commodities

Brent oil price forecast update 21-06-2024
2024-06-21 09:19AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...