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Posts tagged #TradingTrend

Asia News Today

@asianewstoday.bsky.social

2 months ago

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Gold futures expected to remain in positive trend next week KUALA LUMPUR: Gold futures on Bursa Malaysia Derivatives are expected to maintain a positive trend next week, tracking gains on the United States Commodity Exchange (COMEX). RHB Investment Bank Bhd (RHB IB) said in a note yesterday that it would maintain a positive trading bias, provided the price remains above the US$4,000 per troy ounce level. The bank said temporary resistance seen at US$4,600 per troy ounce suggested gold may be entering a consolidation phase, with support seen near US$4,200 per troy ounce. “At this stage, both the 20-day and 50-day simple moving averages remain in an uptrend and continue […]

Gold futures expected to remain in positive trend next week #GoldFutures #InvestmentBank #COMEX #TradingTrend #MarketAnalysis

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