Gold price within sideways track – Analysis - 26-01-2021
Economies.com
2021-01-26 05:39AM UTC
Gold price continues to fluctuate between 1850.80 support and 1871.55 resistance, which keeps our neutrality until now, and the price needs to surpass one of the mentioned levels to detect the next trend clearly.
Note that breaking the support will press on the price to resume the negative trades and head towards 1820.00 followed by 1800.00 levels as next negative stations, while breaching the resistance will push the price to achieve more bullish correction that targets 1888.30 followed by 1905.05 levels.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Neutral
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
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 ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...