Midday update for Gold 04-05-2017
Economies.com
2017-05-04 11:11AM UTC
Gold price resumes its negative trading after approaching from retesting the previously broken bullish channel’s support, to keep the negative pressure valid for the rest of the day, waiting for targeting 1211.31 level mainly, pointing that the EMA50 keeps pushing negatively on the price to support the suggested decline.
On the other hand, we remind you that breaching 1243.00 then 1250.00 levels will stop the expected decline and pushes the price to regain its main bullish track.
Expected trading range for today is between 1230.00 support and 1250.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...