financetom
Technology
financetom
/
Technology
/
Gold price forecast update 28-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gold price forecast update 28-10-2024
Oct 28, 2024 7:31 AM

Gold price trades negatively now, affected by stochastic current negativity, which supports the chances of resuming the expected correctional bearish trend for today, which its targets begin by breaking 2722.00$ to open the way to head towards 2700.00$.

Therefore, we will continue to suggest the bearish trend for today unless breaching 2747.00$ and holding above it.

The expected trading range for today is between 2710.00$ support and 2747.00$ resistance.

Trend forecast: Bearish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Forecast update for crude oil -04-06-2025
Forecast update for crude oil -04-06-2025
Jun 4, 2025
The price of (crude oil) rose in its recent intraday trading, getting ready to attack the stubborn resistance level at $63.50, with the return of the positive signals on the (RSI), after it succeeded to offload its overbought condition, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, taking advantage...
Forecast update for Silver -04-06-2025
Forecast update for Silver -04-06-2025
Jun 4, 2025
The price of (Silver) moves in calm trading within a tight range in its last intraday trading, attempting to gain a positive momentum that might assist it to breach the critical resistance level at $34.50, supported by its trading above its EMA50, and under the main bullish trend on the short-term basis and alongside a bias line, on the other...
Forecast update for Brent crude oil -04-06-2025
Forecast update for Brent crude oil -04-06-2025
Jun 4, 2025
The price of (Brent) rose slightly in its recent intraday trading, to settle above the current resistance level at $65.45, supported by its continues trading above its EMA50, forming a fluctuated support that provides more positive momentum for its bullish movement, especially with the emergence of the positive signals on the (RSI), and the dominance of a strong bullish wave...
Forecast update for Gold -04-06-2025
Forecast update for Gold -04-06-2025
Jun 4, 2025
The price of (Gold) witnessed fluctuated trading amid its attempts to breach the stubborn resistance level at $3,365, supported by the positive signals on the (RSI), with its trading within a minor bearish channels range that confines its trading on the short-term basis, besides the continuation of the dynamic support in its trading above EMA50, and the price attempts to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved