Gold price crawls upwards – Analysis - 19-12-2018
Economies.com
2018-12-19 04:47AM UTC
Gold price shows calm positive trading to crawl gradually towards our waited positive target at 1262.50, which supports the continuation of the bullish trend scenario on the intraday basis, which organizes within the bullish correctional channel, supported by the EMA50 that carries the price from below.
You should be aware that breaching the targeted level will extend gold gains to reach 1286.70 as a next station, while holding above 1238.30 represents an important condition for the continuation of the expected rise.
Expected trading range for today is between 1240.00 support and 1265.00 resistance.
Expected trend for today: Bullish
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