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Gold price achieves good gains – Analysis - 31-12-2020

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Gold price achieves good gains – Analysis - 31-12-2020
 

Gold price provided good positive trades yesterday to test 1900.00$ barrier, 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 for the upcoming period supported by the EMA50, reminding you that holding above 1875.00 is important to achieve the waited targets.

 

The expected trading range for today is between 1875.00 support and 1910.00 resistance.

 

The expected trend for today: Bullish

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