Midday update for Gold 26-05-2023
Economies.com
2023-05-26 09:16AM UTC
Gold prices trades positively to move away from 1945.20 level, and tests minor resistance line located at 1954.00 after breaking it previously, to form protection factor to the continuation of the expected bearish trend for today, which its targets begin by breaking 1945.20 to open the way to head towards 1913.15 as a next correctional target.
On the other hand, we should note that surpassing 1954.00 will push the price to achieve additional gains that reach 1977.25 before any new attempt to decline.
The expected trading range for today is between 1925.00 support and 1960.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Natural gas price forms strong positive rally – Forecast today – 23-4-2024
2024-04-23 05:11AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price faced strong positive ...
Commodities
Platinum price resumes the correctional decline – Forecast today – 23-4-2024
2024-04-23 04:56AM UTC
Platinum Price Analysis Expected Scenario Platinum price faced new negative pressures ...
Commodities
Copper price loses the positive momentum – Forecast today – 23-4-2024
2024-04-23 04:51AM UTC
Copper Price Analysis Expected Scenario The Copper price ended the recent bullish rally ...