Gold price reaches the first target – Analysis - 24-08-2018
Economies.com
2018-08-24 04:21AM UTC
Gold price continued its negative crawling to reach our first waited target at 1182.00, and the price falls under continuous negative pressue that comes by the EMA50, to support the chances of continuing the decline inside the bearish channel that appears on the chart, waiting to surpass the mentioned level to open the way to visit 1173.00 level as a next station.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1195.00.
Expected trading range for today is between 1170.00 support and 1195.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Why's Germany choosing natural gas instead of nuclear power?
2024-05-08 19:47PM UTC
The world is witnessing a renaissance of nuclear power, which has sent uranium prices soaring in ...
Commodities
US crude stocks fall more than expected last week
2024-05-08 15:53PM UTC
The Energy Information Administration reported a drop of 1.4 million barrels in US crude stocks ...
Commodities
Gold under pressure as dollar gains ground
2024-05-08 10:04AM UTC
Gold prices fell on Wednesday on track for the second day in a row, about to trade below the ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price succeeded to touch our waited ...
Commodities
Silver price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Silver Price Analysis Expected Scenario Silver price trades negatively now to approach ...
Commodities
Gold price forecast update 08-05-2024
2024-05-08 09:36AM UTC
Gold Price Analysis Expected Scenario Gold price fluctuates with slight negativity now in ...