Where Did You Gold? - Gold Price Has More Room To Rise In 2021.
Illustration photo of Gold Price H4 Chart from Economies.com
Today is the last trading day of 2020. Before this year, gold still rose by more than 24%. The price of gold continued to fall after reaching a historical high in September.
As cited by Economies.com, the gold price rose significantly yesterday and once tested $1,900 per ounce. At present, we are waiting for the gold price to rise further and breakthrough the $1,900 level.
They mentioned we can be waiting for more rise to surpass this level and head towards
$1928.00 that represents our next positive target.
Therefore, the bullish trend scenario will remain valid and active in the next period supported by EMA50, reminding you that staying above $1,875.00 is important to achieve the waiting target.
Today's expected trading range is between $1,875.00 support and $1,910.00 resistance.
FOLLOWME XAU/USD Overall Sentiment (As of 10:40 a.m., Dec 30, 2020),
Short - 51.29%
Long - 48.71%
Source: Economies.com
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