Midday update for Gold 30-09-2020
Economies.com
2020-09-30 09:06AM UTC
Gold price achieved an initial break to the intraday bullish channel’s support line and attempts to hold below it, which leads the price to activate the bearish trend scenario for the rest of the day, waiting for expected decline in the upcoming sessions, on its way to visit 1877.00 followed by 1860.90 levels as main negative stations.
Therefore, the bearish trend will be expected for today unless the price rallied to breach 1890.00 followed by 1901.80 levels and hold above them.
The expected trading range for today is between 1870.00 support and 1915.00 resistance.
The 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
Wheat price begins negatively – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Wheat Price Analysis Expected Scenarios Wheat price provided strong positive trades in the ...
Commodities
Sugar price within sideways range – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Sugar Price Analysis Expected Scenarios Sugar price fluctuates within sideways range as ...
Commodities
Soybean price keeps rising – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
Soybean Price Analysis Expected Scenarios Soybean price shows more bullish bias to settle ...