Source: Economies.com
old price remained at around $1875.00 per ounce and continued testing this level, which indicates a possible bullish trend.
As shown in the figure, the gold price fluctuates within the bullish channel. From the 4-hour chart, the EMA 50 indicator continues to support the gold price.
Economies.com predicts that the gold price's bullish trend will continue over the short term as long as it remains above $1862 per ounce. The next target is set at $1911.50 and $1,928.60 per ounce accordingly.
FOLLOWME XAU/USD Overall Sentiment (As of 6:00p.m., Dec 24, 2020),
Short - 50.91%
Long - 49.09%
Edited 24 Dec 2020, 18:19
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