Gold price breaks the support – Analysis - 17-12-2018
Economies.com
2018-12-17 05:03AM UTC
Gold price broke 1238.30 level and closed last week below it, which puts the price under potential negative pressure in the upcoming period and stops the recently suggested positive scenario, paving the way to visit 1215.00 followed by 1208.40 levels as initial main stations.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 1238.30 level and holding above it again.
Expected trading range for today is between 1215.00 support and 1250.00 resistance.
Expected trend for today: Bearish
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