Midday update for Gold 21-12-2018
Economies.com
2018-12-21 10:52AM UTC
Gold price shows bearish bias to move away from 1262.50, which supports the expectations of continuing the berish trend scenario, which depends on the bearish rebound from the correctional bullish channel’s resistance, waiting to visit 1238.30 level mainly.
We should note that confirming breaching 1267.00 will lead the price to achieve more rise that reaches 1286.70 as a next station.
Expected trading range for today is between 1235.00 support and 1275.00 resistance.
Expected trend for today: Bearish
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