Gold price touches the first target – Analysis - 14-01-2020
Economies.com
2020-01-14 05:35AM UTC
Gold price opened today’s trading with clear negativity to succeed touching our first target at 1536.50, and we believe that the way is open to continue the decline in the upcoming sessions, noting that surpassing this level will push the price to 1519.00 direct.
Therefore, the bearish trend will remain suggested for today, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 1556.70 to continue the expected decline.
The expected trading range for today is between 1519.00 support and 1550.00 resistance.
The expected trend for today: Bearish
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
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 ...