Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Update: Gold price reaches the first target

Economies.com
2021-01-20 17:10PM UTC

Gold price succeeded to reach our first waited positive target at 1871.55 after the mixed trades that it witnessed in the previous sessions, and we suggest surpassing this level to open the way to extend the correctional bullish wave towards 1888.30, taking into consideration that the continuation of the bullish wave requires holding above 1850.80.

Midday update for Wheat price 20-01-2021

Economies.com
2021-01-20 10:06AM UTC

Wheat price broke 661.70 level clearly and settles below it, which stops the morning suggested positive scenario and press on the price to achieve more expected bearish correction in the upcoming sessions, on its way to visit 643.60 as a next main target.

 

Therefore, the bearish bias will be suggested for the rest of the day unless the price managed to breach 661.70 and hold above it again.

 

The expected trading range for today is between 650.00 support and 670.00 resistance.

The expected trend for today: Bearish for the rest of the day

Midday update for Sugar price 20-01-2021

Economies.com
2021-01-20 10:06AM UTC

Sugar price settles at the bullish channel’s support line, while stochastic reaches the oversold areas, waiting to motivate the price to resume the main bullish trend, which targets 16.63 level as a next main station, reminding you that the continuation of the bullish wave requires holding above 15.35.

 

The expected trading range for today is between 15.20 support and 15.70 resistance

 

The expected trend for today: Bullish

Midday update for Soybean price 20-01-2021

Economies.com
2021-01-20 10:06AM UTC

Soybean price shows calm negative trades in attempt to resume the expected bearish trend for the upcoming period, which targets 1290.60 as a next main station, to keep our bearish overview supported by moving below the EMA50, reminding you that it is important to hold below 1381.50 to continue the expected decline.

 

The expected trading range for today is between 1340.00 support and 1370.00 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3329.910 (2025-07-04 02:45AM UTC)