Gold price recovers – Analysis - 12-12-2019

2019-12-12 05:46:52 GMT (Economies.com)
 

Gold price traded with clear positivity to confirm breaching 1467.00 level, which turns the intraday track to rise, on its way to test 1489.00 level before attempting to resuming the correctional bearish trend again.

 

Therefore, we suggest witnessing more rise today, taking into consideration that surpassing the targeted level will lead the price to achieve more gains and regain the main bullish trend, while breaking 1467.00 will stop the positive possibility and press on the price to resume the correctional bearish track.

 

The expected trading range for today is between 1460.00 support and 1489.00 resistance.

 

The expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.0873
0.0059
0.5493%
1.2308
0.0072
0.5843%
Tadawul
6933.91
72.99
1.06%
15.219
0.801
5.559%
27.035
-1.780
6.177%
33.48
0.43
1.30%
1654.790
34.790
2.147%
 
 
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