Midday update for Gold 02-07-2020
Economies.com
2020-07-02 09:36AM UTC
Gold price continues to fluctuate at the intraday bullish channel’s support line, and stochastic begins to overlap positively, waiting to motivate the price to resume the main bullish trend, which its targets begin at 1800.00 and extend to 1850.00.
In general, we will keep our bullish overview unless breaking 1765.00 followed by 1745.50 levels and holding below them, noting that the EMA50 continues to support the suggested bullish wave.
The expected trading range for today is between 1760.00 support and 1800.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
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 Technical Analysis
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:17PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the ...
Commodities
End of day gold price forecast update - 02-05-2024
2024-05-02 16:16PM UTC
Gold price continues to decline to test 2300.00$, waiting for more decline to achieve the main ...
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 ...