Gold price crawls downwards – Analysis - 07-12-2021

2021-12-07 05:37:58 GMT (Economies.com)
 

Gold price fluctuates with calm negativity to approach gradually from 1770.00 level, supported by the negative pressure formed by the EMA50, waiting for more decline to surpass the mentioned level and open the way to extend the bearish wave towards 1734.00.

 

Therefore, the bearish trend scenario will remain valid and active for the upcoming period, reminding you that it is important to hold below 1797.00 to achieve the suggested targets.

 

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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