Gold price begins negatively– Analysis - 08-10-2018
Economies.com
2018-10-08 05:37AM UTC
Gold price opens today’s trading with clear negativity to surpass the EMA50 and settles below it now, which supports the expectations of continuing the bearish trend in the upcoming period, waiting to break 1190.00 level to ease the mission of heading towards our waited targets that begin at 1180.00 and extend to 1160.00.
Stochastic provides negative signal to support the expected decline, reminding you that it is important to hold below 1208.40 to achieve the suggested targets.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Commodities
Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Commodities
Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...