Gold price forms positive pattern – Analysis - 21-12-2023
Economies.com
2023-12-21 04:16AM UTC
Gold price continues to fluctuate within sideways track, noticing that the price draws double top pattern that its confirmation line located at 2046.50, which means that breaching this level will provide strong positive motive that will push the price to surpass our waited target at 2065.70 and head towards 2100.00 areas as a next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 that carries the price from below, noting that it is important to hold above 2016.90 to achieve the expected targets.
The expected trading range for today is between 2025.00 support and 2060.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Commodities
Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...