Gold price recovers again – Analysis - 18-12-2018
Economies.com
2018-12-18 05:04AM UTC
Gold price confirmed breaching 1238.30 level after ending yesterday’s trading above it, to activate the bullish trend scenario again, targeting visiting 1262.50 level as a first positive station.
Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 1238.30 level and holding below it again, noting that the EMA50 supports the continuation of the rise within the correctional bullish channel that appears on the chart.
Expected trading range for today is between 1238.00 support and 1262.50 resistance.
Expected trend for today: Bullish
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