Gold 13.12.2021

Technical Analysis
Monday, December 13, 2021 - 10:30
Point Trader Group
Gold 13.12.2021

Overview:

The pair is trading in a downtrend

Expected scenario:

The pair is trading below a strong resistance level around $1800, which enhances the chances of a downside move over the upcoming period to $1,760 - $1,765.

Alternative scenario:

On the other hand, we see that if the $1800 level is broken upwards, it may push the pair further up to reach $1,820.

 

Resistance levels

1800.00

1810.00

1820.00

 

Support levels

1765.00

1760.00

1750.00

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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