End of day analysis for Gold 13-12-2017

Economies.com
2017-12-13 19:35PM UTC

Gold price shows some bullish bias after testing 1240.85 level today, noticing that stochastic continues to move at the overbought areas, and the price falls under negative pressure provided by the EMA50.

 

Therefore, we will keep our bearish overview unless breaching 1263.15 level, reminding you that our next target is located at 1204.81.

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