Gold price within positive pattern – Analysis - 15-03-2023
2 months ago

Gold price’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, thus, breaching 1911.80 will activate the positive effect of this pattern and push the price to resume the bullish wave that targets 1928.60 followed by 1960.00 levels mainly.


Therefore, the bullish trend will remain active for the upcoming period, supported by the positive signals provided by the technical indicators, taking into consideration that breaking 1878.80 will stop the expected rise and press on the price to return to the correctional bearish track again.


The expected trading range for today is between 1890.00 support and 1928.00 resistance.


The expected trend for today: Bullish

Commodities News

Gold News


Gold declines under pressure from the dollar
1 hour ago
Gold prices declined in European trade for the first session in three under pressure from the ...
Gold News


Gold extends gains but still trades below $2,000
15 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Copper News


Copper loses momentum amid economic concerns and technical signals
18 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...

Commodities Technical Analysis

Brent oil Analysis


Midday update for Brent oil 07-06-2023
12 minutes ago
Brent oil price trades positively to approach the key resistance 76.80, and as long as the price is ...
Oil Analysis


Midday update for Crude oil 07-06-2023
12 minutes ago
Crude oil price shows bullish bias to attempt to breach 71.55 level, which urges caution from the ...
Silver Analysis


Midday update for Silver 07-06-2023
12 minutes ago
Silver price settles below the intraday bullish channel’s support line, reinforcing the ...