Gold loses the positive momentum – Analysis - 19/09/2014
Economies.com
2014-09-19 05:10AM UTC
Gold price keeps its stability below 1236.00 level, while stochastic loses its bullish momentum to reach the overbought area, which supports the continuation of the intraday bearish trend expectations, waiting to visit 1200.00 and 1187.00 areas.
The EMA50 continues to push negatively on the intraday trading, while we should note that the suggested bearish bias depends on holding below 1236.00 and 1246.50 levels.
Expected trading range for today is between: 1200.00 support and 1236.00 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
Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Commodities
Gold price within tight range – Forecast today - 25-04-2024
2024-04-25 05:46AM UTC
Gold Price Analysis Gold price fluctuates within tight range since yesterday, hovering around ...
Commodities
Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...