Midday update for gold 12-29-2020

Gold price shows some bullish tendency in an attempt to move away from the support of the ascending channel, which supports the continuation of the expected bullish trend scenario for today, stimulated by the positivity of the stochastic indicator, awaiting a visit to 1905.00 as a next major station, reminding you that the continuation of the bullish wave depends on stability above 1870.00.

The expected trading range for today is between 1865.00 support and 1905.00 resistance

The expected general trend for today: Bullish



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