Midday update for Gold 07-12-2018

2018-12-07 10:38:42 GMT (Economies.com)
Midday update for Gold 07-12-2018
 

Gold price continues to provide positive trades to test 1240.00 barrier, which urges catuion from the upcoming trading, as holding above this level will turn the intraday track to rise to target 1262.51 level mainly.

 

Until now, we will keep our bearish trend scenario that depends on the daily close below 1238.30, reminding you that the main waited target is located at 1208.40.

 

Expected trading range for today is between 1220.00 support and 1250.00 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1304
-0.0093
0.8160%
1.2577
-0.0126
0.9883%
14.609
-0.011
0.079%
51.179
-1.066
2.040%
60.16
-1.26
2.05%
1239.470
-8.570
0.687%
 
 
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