Midday update for Gold 27-04-2022
Economies.com
2022-04-27 09:03AM UTC
Gold price managed to break the bearish flag’s support line to get negative motive that we are waiting to assist to push the price to break 1890.00 level and confirm extending the bearish wave for the rest of the day, which will push the price to 1850.00 that represents our next target, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 1925.35.
The expected trading range for today is between 1875.00 support and 1920.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
Wheat price surpasses the resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
Wheat Price Analysis Expected Scenario Wheat price has managed to breach the 614.10$ ...
Commodities
Sugar price resumes the decline – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
Sugar Price Analysis Expected Scenario Sugar price has resumed its negative trades, ...
Commodities
Soybean price attempts to recover – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
Soybean Price Analysis Expected Scenario The soybean price has returned to rise after a ...