Midday update for Gold 31-01-2023

4 months ago

Gold price succeeded to touch our waited target at 1908.40 and attempts to break it, to hint heading to achieve more expected decline in the upcoming sessions, paving the way to achieve additional negative targets that reach 1871.00, to keep the bearish bias dominant for the rest of the day, taking into consideration that failing to confirm breaking 1908.40 will lead the price to attempt to build new bullish wave and resume the main bullish trend again.


The expected trading range for today is between 1895.00 support and 1920.00 resistance.


The expected trend for today: Bearish

Commodities News

Gold News


Gold declines under pressure from the dollar
48 minutes ago
Gold prices declined in European trade for the first session in three under pressure from the ...
Gold News


Gold extends gains but still trades below $2,000
14 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Copper News


Copper loses momentum amid economic concerns and technical signals
17 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...

Commodities Technical Analysis

Natural gas Analysis


Natural gas price without any change – Analysis – 7-6-2023
4 hours ago
Natural gas price still waiting for any motivate to manage to exit the recently dominating calm ...
Platinum Analysis


Platinum price fluctuates below the barrier – Analysis – 7-6-2023
4 hours ago
Platinum price still consolidated below 1040.00 barrier until now, to hinder the chances of ...
Copper Analysis


Copper price needs new momentum – Analysis – 7-6-2023
4 hours ago
Copper price kept its positive stability above 3.5700 support line, to increase the chances of ...