Midday update for Gold 25-05-2023
Economies.com
1 week ago
Gold prices shows some slight bullish bias, as it is affected by stochastic positivity, but as long as the price is below 1977.25, the bearish trend scenario will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 1945.20 and extend to 1913.15 after breaking the previous level.
Note that breaching 1977.25 will stop the negative scenario and push the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1940.00 support and 1970.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold prices edge up as dollar tapers off
9 hours ago
Gold prices rose on Monday mildly as the dollar weakens against most major rivals while markets ...
Commodities
Brent hits five-week high as Saudi production declines
14 hours ago
International Benchmark Brent rallied over 3% in European trade for the third straight session, ...
Commodities
Gold edges down as dollar strengthens
18 hours ago
Gold prices fell in European trade for another session on track for two-month lows, as dollar ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 05-06-2023
17 hours ago
Brent oil price trades with strong positivity to move away from 76.80 level and reach the ...
Commodities
Midday update for Crude oil 05-06-2023
17 hours ago
Crude oil price rallied upwards strongly to start attacking 73.80 level, waiting to breach this ...
Commodities
Midday update for Silver 05-06-2023
17 hours ago
Silver price shows new negative trades to press on 23.50 level, waiting to break this level to add ...