Gold remains stuck 29/07/2013
Economies.com
2013-07-29 00:07AM UTC
Gold price still stuck between the breached bearish channel’s resistance which turned into support now at 1300.00 and the waited to be breached level at 1340.00, which represents the continuation key for the bullish trend towards 1400.00
The price needs good positive motive, and we are waiting to be provided by Stochastic through a positive overlapping signal which is forming now, thus, the bullish trend will remain valid and preferred in the upcoming period unless breaking 1300.00 and holding below it.
Expected trading range for today is between: 1310.00 support and 1370.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities
Gold prices edge away from record highs
2024-04-17 18:26PM UTC
Gold prices fell on Wednesday even as the dollar lost ground against most major rivals, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price broke the 87.67$ level ...
Commodities
Crude oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price resumes its negative trading ...
Commodities
Silver price forecast update 18-04-2024
2024-04-18 11:11AM UTC
Silver Price Analysis Expected Scenario Silver price is attempting to return to the ...