Gold price within a bullish pattern – Analysis - 13-12-2018
Economies.com
2018-12-13 05:03AM UTC
Gold price’s recent trades are confined within bullish pennant pattern that appears on the minor image, thus, the price needs to breach 1247.00 level to activate the positive effect of this pattern and get good motive that reinforces the chances of heading towards our waited positive target at 1262.51.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1238.30, noting that the EMA50 keeps supporting the rise within the correctional bullish channel.
Expected trading range for today is between 1235.00 support and 1262.50 resistance.
Expected trend for today: Bullish
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