Midday update for Gold 06-12-2017
Economies.com
2017-12-06 10:42AM UTC
Gold price shows calm bullish bias since morning to move away from 1263.15 level, which supports the continuation of our bullish overview in the upcoming sessions, reinforced by stochastic positivity that appears on the four hours' time frame, waiting to test 1281.17 level.
We remind you that the expected rise depends on holding above 1263.15 level, while the positive targets extend to 1299.20 after surpassing the above mentioned target.
Expected trading range for today is between 1258.00 support and 1280.00 resistance.
Expected trend for today: Bullish
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