Gold is still trading flat, remaining hostage to the US-China trade negotiations. The market behavior isn’t likely to change until December 15th, when China and the US will either impose new tariffs or postpone them once again.
The price is below the middle Bollinger bands, above SMA, but below SMA …
The euro against the dollar continues to fluctuate at 1.1105, and the price gets continuous positive support from the EMA50, to support the chances of breaching the mentioned level and then rushing towards our next target which is located at 1.1180.
In general, we will maintain our bearish expectations, provided …
The narrow range continues to dominate gold price trading, which hovers around the 1475.00 level, which keeps our bearish expectations intact as it is without change for the day, which depends on stability below the 1489.00 level, with a reminder that our main goals start at 1447.00 and extend to …
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