Gold price begins positively – Analysis - 22-12-2020
Gold price showed high volatility yesterday, and closed trades above 1875.00 level, to support the chances of resuming the bullish trend that targets 1916.00 followed by 1928.60 levels as next main stations, supported by the EMA50 that carries the price from below.
Therefore, the bullish bias will be suggested for today, noting that breaking 1875.00 will put the price under new negative pressure that targets testing 1852.80 areas before determining the next destination clearly.
The expected trading range for today is between 1850.00 support and 1910.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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