Gold price resumes its negative trading to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the negative signal provided by stochastic, waiting to visit 1447.00 level as a first target, reminding you that it is important to hold below 1472.00 to continue the expected decline for today.

The expected trading range for today is between 1447.00 support and 1480.00 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1230	-0.0047	0.4203%
Update: Calm markets affected by the US holidays
	GBP/USD	1.2457	0.0149	1.2090%

	Tadawul	7312.24	58.91	0.81%

	Silver	18.055	0.276	1.552%

	Oil	40.055	1.280	3.301%
Crude oil price tests the resistance – Analysis - 03-07-2020
	Brent Oil	42.65	-0.44	1.02%

	Gold	1775.835	4.220	0.238%
Gold price needs a strong positive motive – Analysis - 03-07-2020

Live Forex Updates

Sterling on track for first weekly profit in month

2020-07-03 08:21:20 GMT

Dollar sharpens decline to one-week trough

2020-07-02 12:03:51 GMT

Dollar continue losses after Fed minutes

2020-07-01 19:01:24 GMT

Fed minutes show uncertainty over US economic outlook

2020-07-01 18:26:07 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.