Gold price tests the resistance – Analysis - 02-11-2018
Economies.com
2018-11-02 05:00AM UTC
Gold price’s rise stopped at the key resistance 1238.30, and begins to provide bearish rebound signals now, accompanied by the clear negative signals that appear through stochastic, which supports the chances of resuming the bearish trend in the upcoming sessions, targeting visiting 1208.40 level mainly.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 1238.30 level and hold above it.
Expected trading range for today is between 1208.00 support and 1245.00 resistance.
Expected trend for today: Bearish
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 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...