Midday update for Gold 15-03-2023
Economies.com
2023-03-15 11:06AM UTC
Gold price faced temporary strong negative pressure to settle inside the bullish pennant’s pattern again, accompanied by witnessing new positive signals by stochastic, waiting to motivate the price to resume the expected bullish trend for today, which its next target located at 1928.60.
Therefore, we will keep our bullish overview conditioned by the price stability above 1878.80, as continuing the decline and breaking this level will open the way to suffer additional losses that reach 1828.70 areas.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Will gold prices scale $3000 an ounce in 2024?
2024-04-16 11:59AM UTC
Gold prices continued to move in a positive zone and approached the record highs scaled last week ...
Commodities
Gold enters a downward correctional cycle in wait for Israeli response
2024-04-16 08:43AM UTC
Gold prices declined in European trade on Tuesday on profit-taking, after the precious metal ...
Commodities
Brent backs off six-month peak as Iran-Israel war concerns subside
2024-04-15 13:18PM UTC
International benchmark Brent fell in European trade off six-month highs, trading below $90 a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 16-04-2024
2024-04-16 09:52AM UTC
Brent Oil Price Forecast Brent oil price finds solid resistance at 90.90$, to show negative ...
Commodities
Crude oil price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Crude Oil Price Forecast Crude oil price trades negatively to press on 85.45$ support line, ...
Commodities
Silver price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Silver Price Forecast Silver price faces clear negative pressure now, to approach the key ...