Gold price hits the first target – Analysis - 13-12-2021
Economies.com
2021-12-13 05:29AM UTC
Gold price bounced bullishly after touching the first waited target at 1770.00, to retest the broken support of the bearish flag pattern, accompanied by stochastic loss to the positive momentum clearly, waiting to resume the bearish trend and break the mentioned level to head towards 1734.00 as a next negative target.
Therefore, the overall negative scenario will remain valid for the upcoming period unless the price rallied to breach 1797.00 and hold above it.
The expected trading range for today is between 1760.00 support and 1800.00 resistance.
The expected trend for today: Bearish
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