Gold price needs a negative motive – Analysis - 05-12-2019
Economies.com
2019-12-05 05:42AM UTC
Gold price settles around 1475.00 level since yesterday, and the price needs to get negative motive to support the chances of resuming the expected bearish trend for the upcoming period, which depends on the price stability below 1489.00.
Our negative targets begin by testing 1447.00 level, reminding you that breaking this level will push the price to 1413.10 as a next station, while breaching 1489.00 represents the key to stop the current bearish correction and regain the main bullish trend.
The expected trading range for today is between 1455.00 support and 1490.00 resistance.
The expected trend for today: Overall Bearish
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