Midday update for Gold 03-06-2020

Economies.com
2020-06-03 09:25AM UTC

Gold price shows new negative trades to press on 1719.00 level and moves below it, which urges caution from the upcoming trading, as consolidating below this level will force the price to achieve more decline and visit 1691.10 level as a next negative station.

 

Until now, we will keep our bullish overview conditioned by the price stability above 1719.00, supported by stochastic that enters the oversold areas now, reminding you that our first target is located at 1764.00.

 

The expected trading range for today is between 1715.00 support and 1760.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Copper News

Commodities

Copper edges up while facing pressures from Chinese demand concerns
2024-03-28 16:45PM UTC
Copper prices rose modestly on Thursday while the dollar gained ground, with ongoing concerns about ...
Oil News

Commodities

Oil prices extend gains after strong US growth data
2024-03-28 13:03PM UTC
Global Oil Prices Global oil prices extended their gains in American trade on Thursday and hit ...
Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 28-03-2024
2024-03-28 17:43PM UTC
Crude oil price breached 82.40$ strongly to rally upwards and approach our waited target at 83.56$, ...
Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...