Gold under negative pressure 04/12/2012
Economies.com
2012-12-04 05:50AM UTC
EMA50 is pressing negatively on the gold intraday trading, to keep it limited within the sideways range which is represented by 1731.00 and 1692.00
In general, we are continuing in preferring the mentioned sideways range domination, noting that surpassing one of these levels will open the way for clearing the trend on the short term basis, hence breaching above 1731.00 will push the price towards 1770.00, while breaking below 1692.00 will lead to moving lower to reach near 1660.00
Expected trading range for today is between: 1692.00 support and 1744.00 resistance.
Expected trend for today: sideways
Commodities News
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
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...