Gold price surpasses the first positive target – Analysis - 26-08-2019
Economies.com
2019-08-26 05:13AM UTC
Gold price opened today’s trading with bullish gap to settle above 1535.00 level, and approached our secnd waited target at 1560.00, which hints the price head to continue rising on the intraday and short term basis, noting that surpassing the last level will extend the bullish wave to reach 1617.00 as a next main station.
Therefore, the bullish trend will expected in the upcoming sessions, noting that breaking 1535.00 and holding below it might press on the price to visit 1503.24 areas again before any new attempt to rise.
The expected trading range for today is between 1530.00 support and 1560.00 resistance.
The expected trend for today: Bullish
Commodities 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, ...
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 ...
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
Commodities
Natural gas price tends towards the positivity – Forecast today – 30-4-2024
2024-04-30 05:39AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price succeeded in holding above ...
Commodities
Platinum price touches the main target – Forecast today – 30-4-2024
2024-04-30 05:30AM UTC
Platinum Price Analysis Expected Scenario Platinum price took advantage of frequent ...
Commodities
Copper price attacks the resistance – Forecast today – 30-4-2024
2024-04-30 05:29AM UTC
Scenario Analysis for Copper Price Expected Scenarios Copper price successfully reached the ...