Gold price keeps declining – Analysis - 16-05-2022
Economies.com
1 year ago
Gold price continues to decline, and attempted to surpass 1800.00 barrier, reinforcing the expectations of continuing the bearish trend, organized inside the bearish channel that appears on the chart, supported by the EMA50 that continues to press negatively on the price, reminding you that our next target is located at 1780.25.
Holding below 1850.00 is important to continue the suggested bearish wave, as breaching it will lead the price to turn to rise and start correctional bullish wave on the intraday basis.
The expected trading range for today is between 1785.00 support and 1825.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Is that the real reason behind Saudi Arabia's crude production cuts?
3 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
5 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
8 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
11 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
11 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
11 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...