Gold price within tight track – Analysis - 05-07-2022
Economies.com
2022-07-05 03:46AM UTC
Gold price didn’t show any strong move since yesterday, to hover around 1810.00 level, thus, no change to the expected bearish trend scenario on the intraday and short term basis, which get continuous support by the EMA50, waiting to achieve our negative targets that start at 1780.25 and extend to 1750.00 after breaking the previous level.
Note that breaching 1818.00 will stop the negative scenario and push the price to visit 1850.00 areas before any new negative target.
The expected trading range for today is between 1780.00 support and 1825.00 resistance.
The expected trend for today: Bearish
Commodities News
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
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...