Midday update for Gold 08/02/2016
Economies.com
2016-02-08 11:35AM UTC
Gold price keeps rising approaching from our waited target at 1182.80; therefore, the bullish trend scenario will remain valid efficiently for today, waiting for surpassing the mentioned level to extend the positive targets to 1200.00.
In general, the price needs to settle above 1130.60 level to achieve the suggested targets, where breaking this level represents the key return for the main bearish track.
Expected trading range for today is between 1150.00 support and 1190.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...