Gold price within tight track – Analysis - 08-12-2023
Economies.com
2023-12-08 04:40AM UTC
The tight range dominates gold price trades since yesterday, which hovers around the EMA50, thus, no change to the expected bullish trend scenario for the upcoming period, organized inside the bullish channel that appears on the chart, reminding you that our main waited target is located at 2075.25, taking into consideration that the continuation of the bullish wave requires holding above 2016.00.
The expected trading range for today is between 2015.00 support and 2050.00 resistance.
The expected trend for today: Bullish
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