Midday update for Gold 02-12-2020

Economies.com
2020-12-02 10:35AM UTC

Gold price resumes its bullish rally to breach 1818.00 level and settles above it, which supports the continuation of our bullish overview efficiently for the rest of the day, and the way is open to achieve our next positive target that at 1838.10, noting that surpassing this level will extend gold price gains on the short term basis, while the expected rise will remain valid as long as 1795.00 level remains intact.

 

The expected trading range for today is between 1795.00 support and 1838.00 resistance.

 

The expected trend for today: Bullish

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