Midday update for Gold 31-03-2023

Economies.com
2 months ago

Gold price continues to fluctuate inside the symmetrical triangle’s pattern, waiting to breach 1992.00 to activate the positive effect of this pattern followed by rallying towards our positive targets that start at 2000.00 and extend to 2040.00.

 

The EMA50 continues to support the suggested bullish wave, waiting to get positive motive that assists to push the price to resume the expected rise, reminding you that it is important to hold above 1962.50 to achieve the waited targets.

 

The expected trading range for today is between 1965.00 support and 2000.00 resistance.

 

The expected trend for today: Bullish

Commodities News

Gold News

Commodities

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

Commodities

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

Commodities

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

Commodities

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

Commodities

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

Commodities

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 ...