Gold price resumes the rise – Analysis - 20-12-2023
Economies.com
2023-12-20 04:11AM UTC
Gold price settles around 2040.00 after the rise that it witnessed yesterday, waiting for more bullish bias to visit 2065.70 that represents our next main target, to keep the bullish trend scenario active for the upcoming period.
The EMA50 continues to support the suggested bullish wave, and the price needs to gather positive momentum that assist to resume the positive trades and achieve the mentioned target, noting that breaking 2016.90 will stop the bullish trend and push the price to return to the correctional bearish track again.
The expected trading range for today is between 2025.00 support and 2060.00 resistance.
The expected trend for today: Bullish
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