Midday update for Gold 27-05-2016
Economies.com
2016-05-27 10:54AM UTC
Gold price shows sideways and tight range trading since morning settled at 1220.00, as long as the price below 1243.17, so our bearish trend expectations will remain valid and active for the rest of the day, supported by the negative pressure that comes from the EMA50, pointing that stochastic current positivity explains the reasons of the sideways fluctuation.
Our next main target located at 1205.80, reminding you that breaking this level will extend the bearish correctional wave to reach 1175.60 directly.
Expected trading range for today is between 1190.00 support and 1230.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold prices mount to fresh record highs for second straight session
2024-05-20 19:53PM UTC
Gold prices rose on Monday to a fresh record high while the dollar inched up against most main ...
Commodities
Brent hits a two-week high after Iranian President's death, Saudi king's health deterioration
2024-05-20 15:19PM UTC
International benchmark Brent rose in American trade on Monday on track for the fourth profit in a ...
Commodities
Gold scales a fresh record high at $2450
2024-05-20 08:52AM UTC
Gold prices rose in European trade on Friday on track for the second profit in a row, hitting a ...
Commodities Technical Analysis
Commodities
Natural gas price surpasses the target – Forecast today – 21-5-2024
2024-05-21 05:10AM UTC
Natural Gas Price Analysis Expected Scenario The natural gas price confirmed its ...
Commodities
Platinum price fails to confirm the breach – Forecast today – 21-5-2024
2024-05-21 05:04AM UTC
Platinum Price Analysis Expected Scenario The Platinum price failed to confirm breaching ...
Commodities
Copper price takes breath – Forecast today – 21-5-2024
2024-05-21 05:03AM UTC
Copper Price Analysis Expected Scenario The Copper price provided a new close below the ...