Gold price is stable – Analysis - 25-09-2018
Economies.com
2018-09-25 03:53AM UTC
Gold price settles below the intraday bullish channel, and the price falls under the negative pressure formed by the EMA50, while stochastic begins to provide negative overlapping signals now.
Therefore, these factors support the chances of resuming the bearish trend in the upcoming sessions, as the price needs to break 1190.00 level to confirm rallying towards 1180.00 followed by 1160.00 as next main stations, reminding you that holding below 1208.40 represents key condition to continue the expected decline.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...