Gold price needs a confirmation signal – Analysis - 19-03-2021
Economies.com
2021-03-19 05:09AM UTC
Gold price is stuck between the intraday bullish channel’s support line that rises now to 1725.00 and the key resistance 1739.50, facing contradiction between the indicators, which makes us continue with our neutrality until the price manages to surpass one of these levels to detect its next destination clearly.
Note that breaking the mentioned support will press on the price to resume the main bearish trend that its next target located at 1692.00, while breaching the resistance represents the key to start correctional bullish wave and achieve gains that start at 1765.00 and extend to 1800.00.
The expected trading range for today is between 1710.00 support and 1755.00 resistance.
The expected trend for today: Neutral
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 ...