Technical Analysis of Gold and Silver
Today I would like to briefly describe the current situation on gold and silver. Gold has already surpassed the local trend while silver is preparing for it. But what does this tell us in the longer term? Let’s cover it in today’s technical analysis.
XAG/USD statistical and technical analysis
The current price of XAG/USD - Silver Spot US Dollar is 25.160 (July 24, 2021). This commodity fell into an important area. The price has developed negatively since the last analysis. Let us therefore turn to statistical and technical analyzes.
Technical Analysis of DXY and S&P 500
Will the dollar growth index help the S&P500? Today, we look at technical analysis of the DXY dollar index and the S&P500.
XPT/USD statistical and technical analysis
The current price of XPT/USD – Platinum Spot US Dollar is 1 102.50 (July 16, 2021). This commodity fell from the level of resistance on Friday. Therefore, it is still traded within an important range. Let us therefore now turn to statistical and technical analyzes.
XPD/USD statistical and technical analysis
The current price of XPD/USD - Palladium Spot US Dollar is 2 809.3 (July 09, 2021). The market price of this commodity has fallen dynamically in the last month. However, it is trading again at pre-decline levels. Let us therefore now turn to statistical and technical analyzes.
Technical analysis of gold: What to expect in upcoming days and weeks?
In todays analysis we will be looking more closely at gold. We will not only look at the daily chart, but also at long term trend. However, to satisfy the needs of all traders, I will also look at the short term timeframes and will provide technical analysis for upcoming few days.
Crude Oil (WTI) statistical and technical analysis
The current price of Crude Oil (WTI) is 75.16 (July 02, 2021). This commodity is currently testing the medium-term highs created in 2018. Rising inflation could further affect future price of oil. Let’s now look at statistical and technical analyzes.
XAU/USD statistical and technical analysis
The current price of XAU/USD - Gold Spot US Dollar is 1 780 (June 25, 2021). This commodity is currently being traded in an important area after a decline caused mainly by the strengthening of the US dollar. It may play a major role for this commodity in the near future. Let’s now look at statistical and technical analyzes.
Commodities are an investment category that represents basic goods used in commerce that are interchangeable within other good of the same type. Some traditional types of commodities include gold, oil, natural gas, beef or grains. When trading commodities investors or traders usually distinguish 4 different types of categories. These are metal, energy, livestock and meat and agricultural commodities. It is important to bear in mind that commodities can be easily affected by supply and demand shocks, which can make these investments a bit riskier than others. Here in Investro, we will look at several different commodities mainly and their trading from technical and analytical point of view.