Midday update for Gold 01-12-2022
Economies.com
2022-12-01 10:19AM UTC
Gold price shows some bearish bias after reaching the thresholds of the waited target at 1786.50, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the bullish wave that its next target reaches 1815.00 areas, taking into consideration that achieving the positive targets requires holding above 1765.00 and 1746.40 levels.
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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