Midday update for Gold 06-12-2022

Gold price hovers around the EMA50, and keeps its stability above 1764.40 level, to keep the bullish trend scenario active for today, supported by stochastic positivity that appears clearly on the four hours time frame, waiting to resume the bullish wave that its targets begin by breaching 1777.00 to reinforce the expectations of heading towards 1800.00 followed by 1810.00 levels, reminding you that it is important to hold above 1764.40 to continue the expected rise.

The expected trading range for today is between 1760.00 support and 1795.00 resistance.

The expected trend for today: Bullish