Midday update for Gold 23-04-2018
Economies.com
2018-04-23 09:16AM UTC
Gold price shows more negative trading to attack 1331.00 level and moves below it now, which opens the way to continue the bearish bias for the rest of the day, activating the bearish trend scenario on the intraday basis, which targets testing 1316.48 level mainly.
Therefore, the bearish trend will remain expected for the upcoming sessions unless the price managed to breach 1335.40 level and hold above it again.
Expected trading range for today is between 1320.00 support and 1350.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Brent Oil Price Analysis Key Points: Brent oil price has resumed positive trading, finding ...
Commodities
Crude oil price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Crude Oil Price Analysis Key Points: Crude oil price is currently testing the key ...
Commodities
Silver price forecast update 29-04-2024
2024-04-29 09:54AM UTC
Silver Price Analysis Key Points: Silver price is currently trading positively, influenced ...