Gold price negotiates the resistance – Analysis - 17-03-2023
Economies.com
2023-03-17 04:17AM UTC
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
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...