Midday Update for Gold 15-12-2017
The price of gold shows some slight bullishness to approach the pivotal resistance at 1263.15, and as long as the price is below this level, our bearish outlook remains effective, noting that the main awaited target resides at 1240.85.
Keep in mind that the price rally for the breach of 1263.15 and stability above it represents the first positive key to regain the bullish trend again.
The trading range for today is among the support at 1240.00 and resistance at 1265.00
The general trend for today is bearish
Gold vs Bitcoin??
Yeh it seems when bitcoin is gowing up, Gold is going down. We might see a long down trend for Gold as its facing a huge presure and missing of investors who switches to Bitcoin and cryptocurrencies.
Gold vs Bitcoin??
thanks for give me that valuable news about gold. your every post have valuable content ....
Your most welcome, I apperciate that.
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