Commodities

End of day analysis for Gold 27-12-2018

2018-12-27 20:41:40 GMT (Economies.com)

Gold price achieved new breach to the bullish channel’s resistance, hinting the price head to achieve more gains, targeting testing 1286.70 level, noting that surpassing 1280.00 is required to confirm the continuation of the bullish bias, while failing to breach it followed by trading below 1270.00 again will reactivate the bearish trend scenario that targets 1238.30 level mainly.

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