Gold price needs positive motive – Analysis - 15-12-2023
Economies.com
2023-12-15 05:01AM UTC
Gold price continues to fluctuate around the broken support of the bullish channel, noticing that stochastic approaches to overlap positively, waiting to motivate the price to resume the positive trades and confirm the return to the mentioned channel followed by achieving targets that start by testing 2065.70.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by moving above the EMA50, reminding you that it is important to hold above 2016.90 to continue the expected bullish wave.
The expected trading range for today is between 2020.00 support and 2055.00 resistance.
The expected trend for today: Bullish
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