Midday update for Gold 12-11-2021
Economies.com
2021-11-12 10:47AM UTC
Gold price faces additional negative pressure to move away from 1860.00 level, which hints heding to achieve some potential bearish correction in the upcoming sessions, which makes us prefer to stay aside temporarily until the price confirms its situation according to the mentioned level.
Note that holding below it will press on the price to decline towards 1825.15 mainly, while stepping above it will lead the price to resume the main bullish track that its next target located at 1900.00.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities Technical Analysis
Commodities
Wheat price is recovering – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Wheat Price Analysis Expected Scenario Wheat price opens today’s trading with ...
Commodities
Sugar price loses momentum – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Sugar Price Analysis Expected Scenario Sugar price settles around 19.50$ level, noticing ...
Commodities
Soybean price continues to decline – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
Soybean Price Analysis Expected Scenario Soybean price shows more bearish bias to reach ...