Illustration photo of Gold Price H4 Chart from Economies.com
Today is the last trading day of 2020. Before this year, gold still rose by more than 24%. The price of gold continued to fall after reaching a historical high in September.
As cited by Economies.com, the gold price rose significantly yesterday and once tested $1,900 per ounce. At present, we are waiting for the gold price to rise further and breakthrough the $1,900 level.
They mentioned we can be waiting for more rise to surpass this level and head towards
$1928.00 that represents our next positive target.
Therefore, the bullish trend scenario will remain valid and active in the next period supported by EMA50, reminding you that staying above $1,875.00 is important to achieve the waiting target.
Today's expected trading range is between $1,875.00 support and $1,910.00 resistance.
FOLLOWME XAU/USD Overall Sentiment (As of 10:40 a.m., Dec 30, 2020),
Short - 51.29%
Long - 48.71%
Source: Economies.com
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