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 tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
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 Technical Analysis
Commodities
Natural gas price awaits the positive momentum – Forecast today – 1-5-2024
2024-05-01 05:32AM UTC
Scenarios and Trading Range Expected Scenarios Natural gas price didn’t achieve any new ...
Commodities
Platinum price fluctuates within the bullish track – Forecast today – 1-5-2024
2024-05-01 05:23AM UTC
Scenarios and Trading Range Expected Scenarios Platinum price fluctuated below the 950.00$ ...
Commodities
Copper price settles below the resistance – Forecast today – 1-5-2024
2024-05-01 05:22AM UTC
Scenarios and Trading Range Expected Scenarios Copper price closed below the bullish ...