Midday update for Gold 21-09-2017
Economies.com
2017-09-21 10:09AM UTC
Gold price broke 1299.20 level and keeps its stability below it, reinforcing the expectations of extending the correctional bearish wave to target 1281.17 areas in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend for today supported by the EMA50, noting that breaching 1299.20 and holding above it will provide the first positive key to attempt to return to the main bullish trend again.
Expected trading range for today is between 1281.17 support and 1315.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
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 ...
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 ...
Commodities Technical Analysis
Commodities
Wheat price begins negatively – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Wheat Price Analysis Expected Scenarios Wheat price provided strong positive trades in the ...
Commodities
Sugar price within sideways range – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Sugar Price Analysis Expected Scenarios Sugar price fluctuates within sideways range as ...
Commodities
Soybean price keeps rising – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Soybean Price Analysis Expected Scenarios Soybean price shows more bullish bias to settle ...