Midday update for Gold 18-03-2019

Economies.com
2019-03-18 10:45AM UTC

Gold price trades positively now to attack 1302.60 level, which urges caution from the upcoming trading, as holding above this level will stop the expectations to decline and lead the price to regain the main bullish trend again, which its targets begin at 1320.00 and extend to 1346.70, while the price needs to trade below 1302.60 again to resume the bearish trend that we expect to reach 1275.30 in the upcoming sessions.

 

The expected trading range for today is between 1285.00 support and 1310.00 resistance.

 

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Gold News

Commodities

Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Gold News

Commodities

Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Oil Analysis

Commodities

Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Silver Analysis

Commodities

Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...