Gold price reaches the target – Analysis - 04-12-2018

2018-12-04 05:13:48 GMT (

Gold price resumes its positive trading today to reach the thresholds of the waited target at 1238.30, getting continuous positive support by the EMA50, which encourages us to suggest breaching the mentioned level and extend the bullish wave to target 1262.51 level as a next main station.


Therefore, the bullish bias will remain dominant in the upcoming sessions, noting that breaking 1228.00 might force the price to test 1208.40 areas before any new attempt to rise.


Expected trading range for today is between 1225.00 support and 1250.00 resistance.


Expected trend for today: Bullish

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.