Gold price resumes the decline – Analysis - 02-05-2022

Economies.com
2022-05-02 00:03AM UTC

Gold price bounced bearishly after approaching the waited positive target at 1925.35, to resume the main bearish track, waiting to break 1890.00 to confirm extending the bearish wave towards 1850.00 as a next negative target.

 

Therefore, we expect to witness negative trades in the upcoming sessions, supported by the negative signals provided by stochastic and the EMA50, noting that it is important to hold below 1925.35 to achieve the suggested targets.

 

The expected trading range for today is between 1870.00 support and 1910.00 resistance.

 

The expected trend for today: Bearish

Commodities News

Gold News

Commodities

Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Palladium News

Commodities

Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Oil News

Commodities

Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...

Commodities Technical Analysis

Technical Analysis

Commodities

Wheat price keeps its positive stability – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Wheat Price Analysis Wheat price provided clear positive trades in the previous sessions to ...
Technical Analysis

Commodities

Corn price tests the support base – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Corn Price Analysis Corn price is testing 449.20$ level and keeps its stability above it, ...
Brent oil Analysis

Commodities

Brent oil price begins negatively – Forecast today - 29-04-2024
2024-04-29 03:32AM UTC
Brent Oil Price Analysis Brent oil price rebounds bearishly after testing 89.50$ level, to head ...