Gold price breaches the resistance – Analysis - 23-12-2021

2021-12-23 05:10:05 GMT (Economies.com)
 

Gold price breached 1797.00 level clearly and closed the daily candlestick above it, to activate the bullish trend scenario on the intraday basis, paving the way to head towards 1825.15 as a main positive target.

 

Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1797.00 will stop the expected bullish bias and press on the price to decline again.

 

The expected trading range for today is between 1790.00 support and 1825.15 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0735
0.0083
0.7754%
1.2532
-0.0030
0.2416%
22.112
0.200
0.915%
110.258
0.119
0.108%
114.03
0.14
0.12%
1867.280
10.845
0.584%
 
 
Live Forex Updates