Update: Gold price is recovering

Economies.com
2022-09-28 13:54PM UTC

Gold price rallies upwards strongly to reach the bearish channel’s resistance, which urges caution from the upcoming trading, as continuing the rise and breaching this resistance will stop the recently suggested negative scenario and lead the price to start correctional bullish wave on the intraday basis, its targets begin by visiting 1686.40 areas, while consolidating below 1656.00 will push the price to resume the main bearish trend that its next target located at 1605.00.

Commodities News

Gold News

Commodities

Gold falls over 1% and marks weekly losses
2024-06-21 20:25PM UTC
Gold prices fell on Friday as the dollar gained ground against most major rivals, with the precious ...
Palladium News

Commodities

Palladium climbs to three-week high
2024-06-21 15:43PM UTC
Palladium prices rose on Friday with a 3% surge, hitting three-week highs and becoming the best ...
Oil News

Commodities

Oil approaches second weekly profits as demand improves
2024-06-21 14:52PM UTC
Oil futures were mostly flat on Friday but headed for the second weekly profit in a row amid signs ...

Commodities Technical Analysis

Oil Analysis

Commodities

End of day crude oil price forecast update - 21-06-2024
2024-06-21 17:17PM UTC
Crude oil price shows more bearish bias to head towards testing the bullish channel’s support ...
Gold Analysis

Commodities

End of day gold price forecast update - 21-06-2024
2024-06-21 17:16PM UTC
Gold price faces clear negative pressure, as it broke 2340.10$ level and closed the last four ...
Brent oil Analysis

Commodities

Brent oil price forecast update 21-06-2024
2024-06-21 09:19AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows slight bearish bias now, ...