Gold price within tight track – Analysis - 07-12-2022
Economies.com
2022-12-07 04:51AM UTC
Gold price fluctuates within sideways and tight track since yesterday, settling above 1764.40 level, thus, no change to the bullish trend scenario that targets 1800.00 followed by 1810.00 levels as next main stations.
Breaching 1784.00 will ease the mission of achieving the suggested targets, while breaking 1764.40 will force the price to turn to decline and achieve additional bearish correction that its next target reaches 1736.15.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bullish
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