Gold price tests the support base – Analysis - 20-12-2021
Economies.com
2021-12-20 05:15AM UTC
Gold price faced temporary negative pressure in the previous sessions to test the support base formed at 1797.00 after breaching it previously, keeping its stability above it until now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 1825.15 level mainly.
Therefore, the bullish bias will remain expected in the upcoming sessions unless breaking 1797.00 level and holding below it.
The expected trading range for today is between 1785.00 support and 1825.00 resistance.
The expected trend for today: Bullish
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