Gold price attempts to breach – Analysis - 24-12-2020
Gold price settles around 1875.00 level, and continues the attempts to breach to support the chances of continuing the main bullish trend, which moves organized inside the bullish channel that appears on the chart, supported by the EMA50 that continues to carry the price from below.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1862.00, noting that our next targets begin at 1911.50 and extend to 1928.60.
The expected trading range for today is between 1862.00 support and 1895.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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