Gold price under the negative pressure – Analysis - 16-08-2022
Economies.com
2022-08-16 03:26AM UTC
Gold price faced strong negative pressure yesterday to test the key support 1779.25, noticing that the price kept its stability above it, accompanied by witnessing clear positive signals now through stochastic, waiting to motivate the price to resume the positive trades to visit 1802.80 initially.
Therefore, our overall bullish overview will remain valid, reminding you that it is important to hold above 1779.25 to achieve the suggested targets.
The expected trading range for today is between 1770.00 support and 1800.00 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
Wheat price tests the support base – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Wheat Price Analysis Expected Scenario Wheat price continues to press on 597.10$ support ...
Commodities
Soybean price attempts to recover – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Soybean Price Analysis Expected Scenario Soybean price begins today with clear positivity to ...
Commodities
Corn price surpasses the resistance – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
Corn Price Analysis Expected Scenario Corn price resumed its positive trading clearly to ...