Midday update for Gold 21-12-2020
Gold price bounced downwards strongly after attempting to surpass 1900.00 barrier, to break 1875.00 level strongly and heads to suffer more expected losses in the upcoming sessions, and we prefer staying neutral until trades settle to detect the next trend clearly.
Note that stepping above 1875.00 will reactivate the bullish trend scenario that targets 1912.05 followed by 1928.60 levels mainly, while consolidating below it will press on the price to achieve negative targets that start at 1850.00 and extend to 1819.00.
The expected trading range for today is between 1840.00 support and 1930.00 resistance.
The expected trend for today: Neutral
Reprinted from Economies，the copyright all reserved by the original author.
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