Gold price approaches the support – Analysis - 09-02-2024
Economies.com
2024-02-09 04:19AM UTC
Gold price showed temporary decline yesterday and approached the key support 2016.90, noticing that the price rises again to settle above the EMA50, which keeps the bullish trend scenario valid on the intraday basis, which targets 2065.70 as a next station.
Note that breaching the targeted level will confirm resuming the main bullish trend and head to achieve additional gains that reach 2100.00, while breaking 2016.90 will push the price to continue the bearish correction and head to visit 1977.46 as a next correctional target.
The expected trading range for today is between 2020.00 support and 2055.00 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 ...