Midday update for Gold 01-11-2018
Economies.com
2018-11-01 10:27AM UTC
Gold price rallied upwards clearly to retest 1226.50 level now, which is met by the EMA50 to add more strength to it, accompanied by stochastic loss to the positive momentum, which forms negative factors that support the chances of bouncing bearishly to resume the expected bearish trend for today, which targets 1208.40 level mainly, while holding below 1226.50 represets key condition to continue the expected decline.
Expected trading range for today is between 1205.00 support and 1226.50 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price broke the 87.67$ 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 ...