Gold price keeps its positive stability – Analysis - 12-05-2021
Economies.com
2021-05-12 00:03AM UTC
Gold price faced temporary negative pressure yesterday to attack 1825.00 level, but it bounced bullishly to settle around 1838.00 level again, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 1855.00 followed by 1865.00 levels as next stations.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1825.00.
The expected trading range for today is between 1820.00 support and 1855.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
No new for natural gas price – Forecast today – 26-4-2024
2024-04-26 06:51AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price returned to form weak ...
Commodities
Platinum price confirms the positivity – Forecast today – 26-4-2024
2024-04-26 06:43AM UTC
Platinum Price Analysis Expected Scenario Platinum price succeeded to hold above the key ...
Commodities
Copper price surpasses the first target – Forecast today – 26-4-2024
2024-04-26 06:42AM UTC
Copper price returned to form bullish waves, taking advantage of the main stability within the ...