Gold Dec, 8 2020

Technical Analysis
Tuesday, December 08, 2020 - 23:28
Point Trader Group
Gold Dec, 8 2020

Overview:

prices are moving in an upward short-term direction.

Expected:

Gold is approaching a strong resistance around 1875, which enhances the downside chances during today's trading to 1850.

Alternative Scenario:

On the other hand, we see that if the level of 1875 is broken to the upside, this pair might push further up to 1890. 

 

Resistance1875.001880.001890.00
Support1850.001845.001840.00

 


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