Commodities

Gold price breaches the resistance – Analysis - 26-12-2018

2018-12-26 05:31:09 GMT (Economies.com)

Gold price begins today’s trading with clear positivity to attack the correctional bullish channel’s resistance and attempts to hold above it, which makes us stay aside temporarily in order to monitor the price behavior according to 1270.00 level, as settling with a daily close above it will confirm the continuation of the bullish bias towards 1286.70 as a next positive station, while trading below it again will reactivate the bearish trend scenario that targets 1238.30 areas mainly.

 

Expected trading range for today is between 1260.00 support and 1285.00 resistance.

 

Expected trend for today: Neutral

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.