Midday update for Gold 01-12-2021
Economies.com
2021-12-01 10:03AM UTC
Gold price resumes its negative trades to head towards testing 1770.00 again, waiting for more decline to break this level and open the way to rally towards 1734.00 as a next main station, to keep our bearish overview for today supported by the negative pressure formed by the EMA50 conditioned by the price stability below 1797.00.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bearish
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