Gold Technical analysis on dated 21-12-2020

Gold price opens today’s trading with a strong positive, to start testing the 1900.00 barrier, reinforcing expectations for the continuation of the main bullish trend, noting that we are awaiting further rise to visit 1912.50 then 1928.60 as next positive targets.


Thus, the bullish trend scenario will remain valid and effective for the upcoming period, supported by the positivity of the stochastic oscillator and the SMA 50, bearing in mind that the continuation of the bullish wave depends on stability above 1875.00.

The expected trading range for today is between 1880.00 support and 1928.00 resistance

The expected general trend for today: Bullish