Gold price breaches the resistance – Analysis - 26-12-2018

Gold price begins today’s trading with clear positivity to attack the correctional bullish channel’s resistance and attempts to hold above it, which makes us stay aside temporarily in order to monitor the price behavior according to 1270.00 level, as settling with a daily close above it will confirm the continuation of the bullish bias towards 1286.70 as a next positive station, while trading below it again will reactivate the bearish trend scenario that targets 1238.30 areas mainly.

Expected trading range for today is between 1260.00 support and 1285.00 resistance.

Expected trend for today: Neutral