Gold price rises again – Analysis - 28-12-2018
Economies.com
2018-12-28 04:57AM UTC
Gold price ended yesterday’s trading above the bullish channel’s resistance, to confirm the continuation of the bullish bias on the intraday basis, which targets testing 61.8% Fibonacci correction level at 1286.70 as a next station.
Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 1270.00 and holding below it, noting that breaching the targeted level will extend Gold price gains to reach 1316.65 on the near term basis.
Expected trading range for today is between 1265.00 support and 1300.00 resistance.
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 ...