14.12.2021
The gold price did not show any strong movement since yesterday. It continued to fluctuate around the EMA50, and therefore, there is no change in the expected bearish trend scenario for the upcoming period.
The trend is supported by the negative signal presented by the Stochastic Indicator now, waiting to visit the 1,770.00 level as a first station. It is expected to continue the decline below 1,797.00.
The expected trading range for today is between the support 1,765.00 and the resistance 1,800.00.
The forecast general trend for today: bearish.
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