Gold price consolidated above 1770.00 level, and begins to provide positive trades by today’s open, accompanied by stochastic reach to the oversold areas, to provide positive motive that we are waiting to push the price to visit 1797.00 initially.

Therefore, the positive scenario will remain active for the upcoming period, noting that breaking 1770.00 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1760.00 support and 1795.00 resistance.

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0522	-0.0068	0.6418%
Midday update for the EURUSD 06-12-2022
	GBP/USD	1.2222	-0.0083	0.6771%

	Silver	22.494	-0.662	2.861%

	Oil	76.004	-5.471	6.715%
Midday update for Crude oil 06-12-2022
	Brent Oil	81.31	-1.39	1.68%

	Gold	1779.575	-15.985	0.890%
Midday update for Gold 06-12-2022

Live Forex Updates

Dollar extends recovery after strong data

2022-12-06 11:52:53 GMT

RBA hikes interest rates in line with expectations

2022-12-06 08:19:50 GMT

Euro backs off six-month high on profit-taking

2022-12-06 08:15:59 GMT

Dollar sharpens decline to six-month nadir

2022-12-05 11:29:04 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.