Midday update for Gold 07-12-2023
Economies.com
2023-12-07 09:34AM UTC
Gold price shows new positive trades to attempt to confirm surpassing the EMA50 and head to continue the rise on the intraday basis, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to visit 2075.25 as a next main target.
The continuation of the bullish wave depends on the price stability above 2010.00, reminding you that breaking it will force the price to achieve bearish correction before any new attempt to rise.
The expected trading range for today is between 2015.00 support and 2050.00 resistance.
The expected trend for today: Bullish
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