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Gold Bullice

Dec. 4, 2023, 2:59 p.m. Blog Image

*Gold Daily Technical Report* Gold price opened today with strong rise to surpass our expected target at 2075.25 and records new historical highs that reached 2144.60, and declined quickly to settle around the first level that forms key support now after beaching it, and we suggest resuming the bullish bias to achieve positive targets that start by testing 2100.00 barrier and extend to 2135.00. Therefore, the bullish trend scenario will remain suggested for the upcoming period, supported by the EMA50, taking into consideration that breaking 2075.25 will stop the expected rise and push the price to achieve some intraday bearish correction. The expected trading range for today is between 2070.00 support and 2110.00 resistance. The expected trend for today: Bullish