Daily analysis of Gold for December 25, 2017 25.12.2017

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Exchange Rates 25.12.2017 analysis

Overview

Gold price keeps its stability above 1,263.15 level, while the EMA50 continues to provide the positive support to the price. So, we keep our bullish overview valid until now, waiting until 1,270.00 level is surpassed. In this case, it will simplify the mission of achieving our positive targets from 1,281.17, extending upward to 1,299.20. Stochastic is making efforts so that gold gains the positive momentum to support the rise expectations on condition of holding above 1,263.15. The expected trading range for today is between 1,255.00 support and 1,280.00 resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Hossam Soliman Ali,
Analytical expert
InstaForex Group © 2007-2017

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