Commodities

Midday update for Gold 13-12-2019

2019-12-13 11:06:52 GMT (Economies.com)

Gold price shows some slight bullish bias affected by stochastic positivity, but as long as the price is below 1489.00, the correctional bearish trend scenario will remain valid, waiting to get enough negative motive to push the price to break 1458.00 to ease the mission of achieving our negative targets that begin at 1447.00 and extend to 1413.00.

 

The expected trading range for today is between 1450.00 support and 1480.00 resistance.

 

The expected trend for today: Bearish

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