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Midday update for gold 04-12-2020

Gold price fluctuates around 1838.10 and stabilizes above it, while the SMA 50 continues to provide positive support for the price, waiting for the resumption of positive trading that starts its targets at 1850.00 and extends to 1870.00, reminding you of the importance of holding above 1818.00 to continue the expected rise.

The expected trading range for today is between 1820.00 support and 1870.00 resistance

The expected general trend for today: Bullish

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