Gold price needs strong positive momentum – Analysis - 19-12-2023
Economies.com
2023-12-19 04:16AM UTC
Gold price shows slight positive trades in attempt to move away from 2016.90 level, getting continuous support by the EMA50, waiting to gather positive momentum that assist to push the price to achieve more rise that targets testing 2065.70 areas mainly.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that breaking 2016.90 will stop the suggested rise and push the price to achieve new bearish correction.
The expected trading range for today is between 2010.00 support and 2045.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Palladium driven lower by dollar's strength
2024-06-14 15:05PM UTC
Palladium prices fell on Friday as the dollar muscled up against most major rivals, and amid ...
Commodities
Gold prices rise 1.25% as US yields decline
2024-06-14 11:58AM UTC
Gold prices rose 1.25% in European trade on Friday on track for the first weekly profit in a month, ...
Commodities
Gold declines 1.5% as dollar strengthens
2024-06-13 18:59PM UTC
Gold prices fell on Thursday as the dollar rallied against most major rivals following ...
Commodities Technical Analysis
Commodities
Gold price gets negative motive – Forecast today - 17-06-2024
2024-06-17 08:48AM UTC
Gold Price Analysis Expected Scenario Gold price begins to rebound bearishly after ...
Commodities
Natural gas price threats the positive stability – Forecast today – 17-6-2024
2024-06-17 06:57AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price started today by forming a ...
Commodities
Platinum price hovers near the support – Forecast today – 17-6-2024
2024-06-17 06:51AM UTC
Platinum Price Analysis Expected Scenario Platinum price didn’t move until this ...