Commodities

Midday update for Gold 06-12-2021

2021-12-06 10:12:12 GMT (Economies.com)

Gold price shows slight negative trades to hint resuming the expected bearish wave for today, motivated by stochastic negativity, waiting for more decline to test 1770.00 that represents our first target, noting that the EMA50 supports the suggested negative scenario, which will remain valid unless breaching 1797.00 and holding with a daily close above it.

 

The expected trading range for today is between 1760.00 support and 1797.00 resistance.

 

The expected trend for today: Bearish

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