Gold price negotiates the resistance – Analysis - 17-03-2023

Economies.com
2 weeks ago

Gold price tests 1928.60 level now, and believe that the chances valid to breach this level and open the way to head towards our next target at 1960.00.

 

The EMA50 continues to support the expected bullish wave, while stochastic prepares to provide positive signals that provide more support to the positive scenario.

 

Therefore, the bullish trend scenario will remain suggested for the upcoming period, noting that breaking 1907.00 might put the price under negative pressure to head towards testing the key support 1878.80 before turning back to rise again.

 

The expected trading range for today is between 1915.00 support and 1950.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold declines but marks weekly and monthly profits
17 hours ago
Gold prices fell on Friday as the dollar gained ground against most  major rivals following US ...
Palladium News

Commodities

Palladium climbs to near $1500 an ounce
22 hours ago
Palladium prices rose on Friday even as the dollar edged up against major rivals, with the metal ...
Oil News

Commodities

Oil extends gains to two-week high on supply shortage concerns
1 day ago
Oil prices rose in European trade for the second session, hitting two-week highs and on track for ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 31-03-2023
1 day ago
Brent oil price resumes its positive trading now to move away from 78.50 level, to support the ...
Oil Analysis

Commodities

Midday update for Crude oil 31-03-2023
1 day ago
Crude oil price is attempting to breach 74.50 level now, which supports the continuation of the ...
Silver Analysis

Commodities

Midday update for Silver 31-03-2023
1 day ago
Silver prices fluctuate near 24.00 level, waiting for more rise to surpass this level and rally ...