Midday update for Gold 03-12-2019
Economies.com
2019-12-03 10:34AM UTC
Gold price shows new bullish bias, and we need to monitor the upcoming trading carefully, as the price stability above the EMA50 hints the price head towards testing 1489.00 areas before turning back to decline again.
In general, we will continue to suggest the overall bearish trend unless breaching 1489.00 level and holding above it, reminding you that our first target is located at 1447.00.
The expected trading range for today is between 1440.00 support and 1470.00 resistance.
The expected trend for today: Bearish
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