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 >
Jim Cramer 'Takes A Pass' On This Money-Losing Utilities Stock
Jim Cramer 'Takes A Pass' On This Money-Losing Utilities Stock
Jul 16, 2025
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Fluence Energy, Inc. ( FLNC ) is losing a lot of money and is down 50%. “I'm going to have to take a pass on that name,” he added. Mizuho analyst Maheep Mandloi supports Cramer’s view. On July 14, Mandloi downgraded Fluence Energy ( FLNC ) from Outperform to Neutral but...
Forecast update for Brent crude oil -16-07-2025
Forecast update for Brent crude oil -16-07-2025
Jul 16, 2025
The price of (Brent) declined in its last intraday levels, amid the continuation of the negative pressure due to its trading below its EMA50, breaking a main bullish trend line on the short-term basis, intensifying the negative pressure on its upcoming moves, especially with the emergence of the negative signals on the (RSI), after the price success in offloading its...
Forecast update for Gold -16-07-2025
Forecast update for Gold -16-07-2025
Jul 16, 2025
The price of (Gold) declined in its last intraday trading, attempting to gain a bullish momentum that might assist it to rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, besides the...
Forecast update for crude oil -16-07-2025
Forecast update for crude oil -16-07-2025
Jul 16, 2025
The price of (crude oil) declined in its last intraday trading, affected by breaking a main bullish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, besides the emergence of the negative signals on the (RSI), after offloading the oversold conditions previously, which opens the way for recording more of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved