Midday update for Gold 19-09-2023

Economies.com
3 days ago

Gold price resumes its positive trading to move away from the breached neckline of the inverted head and shoulders’ pattern, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our next target at 1945.20, reminding you that breaching it will push the price to 1960.00 as a next positive station.

 

On the other hand, we should note that breaking 1929.00 will stop the positive scenario and push the price to turn to decline.

 

Advertistment

The expected trading range for today is between 1920.00 support and 1950.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Oil News

Commodities

Is that the real reason behind Saudi Arabia's crude production cuts?
9 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Palladium News

Commodities

Palladium declines as dollar muscles up amid global inflation concerns
11 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Oil News

Commodities

Oil prices climb for second straight day
14 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 22-09-2023
16 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Oil Analysis

Commodities

Midday update for Crude oil 22-09-2023
16 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Silver Analysis

Commodities

Midday update for Silver 22-09-2023
16 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...