Gold within tight track – Analysis - 02/10/2015
Economies.com
2015-10-02 04:43AM UTC
The tight range dominates Gold price trading since yesterday, which continues to fluctuate around 1115.95 level keeping its stability below it, thus, no change on the bearish trend scenario that depends on holding below the bearish channel’s resistance located now at 1137.00, supported by the negative overlapping signal offered by stochastic.
Our first target is located at 1103.00, reminding you that breaking it will extend the bearish wave to target 1082.60 followed by 1059.00 levels on the near term basis.
Expected trading range for today is between 1085.00 support and 1130.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
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 Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Gold price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Gold Trading Report Gold price shows new negative trades to move away from 2325.90$ level, ...