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
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities
Oil prices slide to 3-month trough on grim outlook for global demand
2024-05-15 14:37PM UTC
Global oil prices skidded in American trade on Wednesday to three-month lows, sharpening losses for ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Commodities
Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...