Gold price surpasses the target – Analysis - 27-01-2020
Economies.com
2020-01-27 05:52AM UTC
Gold price opened today’s trading positively to surpass 1575.90 level and settles above it, which supports the expectations of continuing the bullish trend on the intraday and short term basis, opening the way to head towards the previously recorded top at 1611.20 as a next main target.
Therefore, the bullish trend scenario will remain valid for the upcoming period supported by the EMA50, noting that breaking 1575.90 and holding below it might press on the price to test 1554.10 areas before any new attempt to rise.
The expected trading range for today is between 1570.00 support and 1600.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...