Midday update for Gold 16-12-2021
Economies.com
2021-12-16 10:08AM UTC
Gold price shows additional positive trades to test the first key resistance 1788.00, while stochastic keeps providing the negative signals, to keep our bearish overview that depends on the stability of the mentioned resistance and the most important below 1797.00, reminding you that our first target is represented by testing 1770.00, while we should note that breaching 1797.00 will lead the price to turn to rise and achieve new gains that reach 1825.15.
The expected trading range for today is between 1755.00 support and 1797.00 resistance.
The expected trend for today: Overall bearish
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