Midday update for Gold 01-12-2020
Economies.com
2020-12-01 10:24AM UTC
Gold price succeeded to achieve our first waited target at 1794.84 and attempts to breach it, which supports the expectations of extending the bullish wave to target 1805.00 as a next positive station, to keep the rise suggested for the rest of the day, noting that bouncing bearishly from the current areas and breaking 1780.00 will push the price to retur to the main bearish track again.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities Technical Analysis
Commodities
Platinum price moves slowly – Forecast today – 3-5-2024
2024-05-03 07:02AM UTC
Scenarios Scenario 1: Slow Positive Attempts Despite positive factors, platinum price sees slow ...
Commodities
Copper price under the negative pressure – Forecast today – 3-5-2024
2024-05-03 07:00AM UTC
Scenarios Scenario 1: Continuous Negative Pressure Copper price affected by stochastic exit ...
Commodities
Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...