Midday update for Gold 15-12-2023
Economies.com
2023-12-15 10:36AM UTC
Gold price trades positively and attempts to return to the bullish channel, and it needs to surpass 2043.00 level to reinforce the chances of continuing the bullish bias followed by visiting 2065.70 that represents our next main target, noting that stochastic overlaps positively to support the chances of achieving the required breach.
In general, the bullish trend scenario will remain suggested for today unless breaking 2016.90 and holding below it.
The expected trading range for today is between 2020.00 support and 2055.00 resistance.
The expected trend for today: Bullish
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