Gold price awaits the break – Analysis - 13-12-2023
Economies.com
2023-12-13 04:12AM UTC
Gold price fluctuates at 1977.46 level since yesterday, waiting to get negative motive that assist to push the price to break this level followed by opening the way to head towards our next correctional target that reaches 1938.00.
The EMA50 forms continuous negative pressure against the price to support the expectations of continuing the bearish wave, reminding you that breaching 1990.00 might motivate the price to achieve intraday gains and test the key resistance 2016.90 before any new negative attempt.
The expected trading range for today is between 1960.00 support and 1990.00 resistance.
The expected trend for today: Bearish
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