Gold price keeps its positive stability – Analysis - 12-12-2018
Economies.com
2018-12-12 05:19AM UTC
Gold price begins today’s trading with slight bullish bias that hints the attempt to resume the expected bullish trend on the intraday basis, as our waited positive target is located at 1262.51, and the price continues to move inside the correctional bullish channel that gets continuous positive support by the EMA50.
Therefore, the bullish trend scenario will remain valid for the upcoming period unless breaking 1238.30 level and holding below it.
Expected trading range for today is between 1235.00 support and 1262.50 resistance.
Expected trend for today: Bullish
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