Gold price forecast update 23-04-2024
Economies.com
2024-04-23 11:06AM UTC
Gold price resumes its negative trading to support the continuation of the correctional bearish trend, and the way is open to achieve our waited target at 2260.60$, noting that breaking this level will extend the bearish wave to reach 2207.80$ as a next negative station.
Holding below 2325.90$ is important to the continuation of the expected bearish trend, as breaching it represents initial key to stop the current bearish correction and attempt to return to the main bullish track again.
The expected trading range for today is between 2275.00$ support and 2335.00$ resistance.
Trend forecast: Bearish
Commodities News
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities
Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...
Commodities
Gold gives up two-week high following aggressive remarks
2024-05-13 10:00AM UTC
Gold prices fell in European trade on Monday for the first day in three away from two-week highs on ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Brent oil price Expected Scenario Brent oil price shows bullish bias now, affected by ...
Commodities
Crude oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Crude oil price Expected Scenario Crude oil price trades positively to head towards ...
Commodities
Silver price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Silver price Expected Scenario Silver price continues to fluctuate near 28.00$ level, ...