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Update: Gold price surpasses the new target
Gold price opens today’s trading with strong bullish rally to surpass our waited target at 2250.00$ and settles above it, reinforcing the chances of continuing the bullish trend on the intraday and short-term basis, opening the way to achieve additional gains that reach 2300.00$ barrier as a next main station, taking into consideration that breaking 2257.00$ will put the price under negative pressure to head towards testing the support base formed above 2222.86$ before any new attempt to rise.
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Calm trades affected by the markets’ holidays
The tight range dominates the currencies’ pairs and commodities trades, affected by the financial markets’ holidays, to keep the scenarios suggested on last Friday valid without any change, and we recommend reviewing them to check the expected trends and targets for the upcoming period.
MoreThe NZDCAD moves to the bearish track – Forecast today – 29-3-2024
The NZDCAD pair surrendered to the negative pressures represented by 0.8252 level forming solid barrier and the stability of the MA55 near it, to notice forming strong negative waves to form the double top pattern by declining below the neckline at 0.8145 and target some negative stations by reaching 0.8074.
MoreNatural gas price still confined – Forecast today – 29-3-2024
No news for natural gas price until this moment, to continue fluctuating between the sideways track’s lines represented by 2.000$ resistance and 1.540$ support that hinders the attempts to resume the negative attempts.
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