Midday update for Gold 28-12-2023
Economies.com
2023-12-29 03:34AM UTC
Gold price trades negatively to press on the main bullish channel’s support line, and it might head for potential test to the key support 2065.70 before turning back to rise again.
Until now, the bullish trend scenario still valid for today as long as the mentioned support remains intact, supported by the EMA50, reminding you that our next target is located at 2100.00.
The expected trading range for today is between 2070.00 support and 2105.00 resistance.
The expected trend for today: Bullish
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