Midday update for Gold 14-10-2019
Economies.com
2019-10-14 09:50AM UTC
Gold price shows a positive trading to move away from 1485.00 level, and it might head to test the critical resistance at 1515.00 in the upcoming sessions.
As we mentioned in our las reports, these levels represents the next trend key, which means that we need to braech one of them to detect the next targets clearly, which makes us remain neutral until now, pointing that the details of the expected targets from the breach appear in our morning report.
The expected trading range for today is between 1470.00 support and 1505.00 resistance.
The expected trend for today: Neutral
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Wheat price achieves more gains – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Wheat Price Analysis Wheat price rallied upwards yesterday to succeed achieving our new waited ...
Commodities
Soybean price approaches the target – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Soybean Price Analysis Soybean price rebounds bearishly after approaching our waited target at ...
Commodities
Corn price under the negative pressure – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Corn Price Analysis Corn price managed to break 449.20$ level and approaches to retest the ...