Midday update for Gold 20-11-2023

Economies.com
2023-11-20 09:49AM UTC

Gold price fluctuates at the key support 1975.00, and stochastic continues to provide the positive signals on the four hours’ time frame, besides the positive support provided by the EMA50, waiting to head towards 2000.00 followed by 2009.30 levels that represent our next main targets, reminding you that breaking 1975.00 followed by 1962.35 will put the price under the correctional bearish pressure again.

 

The expected trading range for today is between 1970.00 support and 2000.00 resistance.

Advertistment

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

Gold gives up record high as dollar strengthens
2023-12-04 17:26PM UTC
Gold prices fell on Monday as the dollar index rose against most major rivals, moving away from ...
Copper News

Commodities

Copper loses over 2% as dollar edges up, while Chinese concerns resurface
2023-12-04 16:51PM UTC
Copper prices fell on Monday as the dollar rose against a basket of major rivals, amid growing ...
Gold News

Commodities

Gold surpasses $2100, scales record high
2023-12-04 09:44AM UTC
Gold prices rose in European trade on Monday, extending gains for a second session and passing ...

Commodities Technical Analysis

Oil Analysis

Commodities

Evening update for Crude oil price 04-12-2023
2023-12-04 15:02PM UTC
Crude oil price shows more bearish bias to move away from 73.73 level, to support the expected ...
Silver Analysis

Commodities

Evening update for silver price 04-12-2023
2023-12-04 15:02PM UTC
Silver price shows additional negative trades to approach our waited target at 24.60, and it is ...
Gold Analysis

Commodities

Evening update for Gold 04-12-2023
2023-12-04 15:02PM UTC
Gold price faces strong negative pressure to confirm breaking 2075.25 level and heads to decline on ...