Gold price consolidated above the 1770.00 level, and begins to provide positive trades at the opening of the day, accompanied by the stochastic indicator reaching the oversold areas, to provide a positive stimulus that we wait for the price to visit the 1797.00 level initially.
Therefore, the positive scenario will …
News for today, October 20th:
Oil futures rallied yesterday and were close to multi-year peaks, as the global power crisis continues and cold temperatures in China rekindle concerns on whether the world's largest energy consumer will be able to meet domestic heating needs. Electricity shortages that are driving the prices …
Gold price starts today’s trading with an upward bias to breach the 1770.00 level and settle above it, which leads the price to achieve expected intraday gains in the upcoming sessions, targeting testing the 1797.00 level initially.
Therefore, we expect to witness more rise today, taking into consideration that breaking …
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