Midday update for Gold 28/07/2015
Economies.com
2015-07-28 10:33AM UTC
Gold price fluctuates within sideways and tight track since morning keeping its stability below 1100.00 level, thus, no change on the bearish trend scenario that mainly depends on holding below 1142.60 level, waiting to target 1055.00 level mainly in the upcoming period.
The EMA50 keeps supporting the suggested bearish wave, while the price might show more sideways fluctuation until stochastic manages to get enough negative momentum to push the price to resume the expected bearish trend.
Expected trading range for today is between 1060.00 support and 1110.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...