Gold price is stable – Analysis - 14-09-2023
Economies.com
1 week ago
Gold price settles below 1913.15 level, and the negative effect of the head and shoulders’ pattern still active, waiting to resume the bearish wave that targets 1890.00 followed by 1873.50 levels as next main stations.
The negative pressure formed by the EMA50 supports the expected decline, noting that breaching 1913.15 followed by 1917.00 will stop the bearish wave and push the price to attempt to build bullish wave on the intraday basis.
The expected trading range for today is between 1890.00 support and 1920.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
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 ...
Commodities
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 ...
Commodities
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
Commodities
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 ...
Commodities
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 ...
Commodities
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 ...