Gold price attempts positively – Analysis - 01-12-2020

Gold price found solid support at 1765.00, to rebound bullishly and heads towards achieving expected gains on the intraday basis, and by taking a deeper look at the chart, we find that the price completed forming bullish pattern that appears on minor image, which means that the chances valid to achieve positive targets that surpass 1794.84 to reach 1805.00.

Therefore, the bullish bias will be expected for today, taking into consideration that breaking 1780.00 will stop the suggested positive scenario and press on the price to resume the main bearish trend again.

The expected trading range for today is between 1770.00 support and 1805.00 resistance.

The expected trend for today: Bullish