Gold price tests the resistance – Analysis - 16-06-2022
Economies.com
2022-06-16 04:19AM UTC
Gold price continued to rise to test the first key resistance 1838.10, keeping its stability below it until now, to keep the bearish trend scenario active for the upcoming period, supported by the EMA50 that meets the mentioned resistance to add more strength to it.
Our expected targets start at 1810.00 and extend to 1780.25, taking into consideration that breaching 1838.10 followed by 1850.00 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1805.00 support and 1850.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities Technical Analysis
Commodities
Natural gas price confirms the positivity – Forecast today – 24-4-2024
2024-04-24 05:43AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price provided new positive ...
Commodities
Platinum price suffers additional losses – Forecast today – 24-4-2024
2024-04-24 05:34AM UTC
Suggested Scenarios and Trading Range Analysis Scenario: Potential Reversal to Bullish ...
Commodities
Copper price provides mixed trades – Forecast today – 24-4-2024
2024-04-24 05:33AM UTC
Suggested Scenarios and Trading Range Analysis Scenario 1: Continuation of Bearish ...