Gold price surpasses the first target – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:44AM UTC
Gold Price Analysis
Expected Scenario: Bullish Trend
- Gold price confirmed breaching the $2222.86 level after closing the daily candlestick above it.
- This reinforces the expectations of continuing the bullish trend on the intraday and short-term basis.
- We anticipate targeting $2250.00 areas on the near-term basis.
- We expect further rise in the upcoming sessions, organized inside the bullish channel visible on the chart.
- Breaking $2222.86 and trading below it will likely lead to a decline, testing the bullish channel’s support line around $2188.00 before any new attempt to rise.
Expected Trading Range for Today
- Support: $2220.00
- Resistance: $2250.00
Trend Forecast: Bullish
Commodities News
Commodities
Gold reverses higher as dollar dips after weak data
2024-05-09 19:44PM UTC
Gold prices rose on Thursday as the dollar index declined against most major rivals following ...
Commodities
Oil prices regain ground after US inventory drawdown
2024-05-09 14:50PM UTC
Oil prices rose in American trade on Thursday on track for the second profit in a row away from ...
Commodities
Gold gains cautious ground ahead of US data
2024-05-09 09:49AM UTC
Gold prices rose in European trade on Thursday for the first time in three days amid active buying ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 09-05-2024
2024-05-09 09:35AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price is testing 84.77$ level and ...
Commodities
Crude oil price forecast update 09-05-2024
2024-05-09 09:35AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades with clear positivity ...
Commodities
Silver price forecast update 09-05-2024
2024-05-09 09:34AM UTC
Silver Price Analysis Expected Scenario Silver price trades positively to touch our first ...