Midday update for gold 12-17-2020

Gold price succeeded in touching our first awaited target at 1875.00 and is making attempts to breach it, reinforcing expectations for the continuation of the bullish trend in the intraday and short term, noting that the confirmation of the breach will extend the bullish wave to reach 1917.00 then 1928.60 levels as next major stations, while the expected rise will remain valid unless it is completed. Breaking 1850.00 then 1833.00 and holding below it.

The expected trading range for today is between 1850.00 support and 1890.00 resistance

The expected general trend for today: Bullish



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