Gold price needs strong positive momentum – Analysis - 19-12-2023
Economies.com
2023-12-19 04:16AM UTC
Gold price shows slight positive trades in attempt to move away from 2016.90 level, getting continuous support by the EMA50, waiting to gather positive momentum that assist to push the price to achieve more rise that targets testing 2065.70 areas mainly.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that breaking 2016.90 will stop the suggested rise and push the price to achieve new bearish correction.
The expected trading range for today is between 2010.00 support and 2045.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold edges down and logs in weekly losses
2024-05-24 20:39PM UTC
Gold prices fell on Friday even as the dollar lost ground against a basket of major rivals, with ...
Commodities
Oil prices add over 1.5% following strong manufacturing data
2024-05-23 14:51PM UTC
Global oil prices rose over 1.5% in American trade on Thursday, on track for the first profit in ...
Commodities
Gold plumbs one-week trough after hawkish Fed's minutes
2024-05-23 09:50AM UTC
Gold prices fell in European trade on Thursday on track for the third loss in a row, plumbing ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows weak trades since ...
Commodities
Crude oil price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price settles around 77.00$ barrier, ...
Commodities
Silver price forecast update 24-05-2024
2024-05-24 09:12AM UTC
Silver Price Analysis Expected Scenario Silver price tested the broken bullish trend line ...