Gold price technical analysis

Gold price technical analysis indicate 23-12-2016 indicate that gold price fluctuate around the support level of 1124.88 U.S.D/ ounce of gold in the opening session we will watch a slight rise to the range of 1131.88 U.S.D/ ounce of gold then another rise to the level of 1157.62 U.S.D / ounce at the end of the middle session.

Gold price technical analysis indicate that by the middle of trading if gold price was supported by that level of 112.88 U.S.D / Ounce of gold  in the middle session we will watch a slight rise again in the middle session at 115.33 U.S.D/ Ounce of gold.

We are waiting for a positive trading over the coming sessions, the positive trend is going to continue of the trading day, we could watch a different trend at the end of trading session today in which gold price could decline to the support level again around 1124.88 U.S.D / Ounce of gold.

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