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FX.co ★ Analysis of Gold for December 13,.2021 - Both upside objectives met, key pivot zone at $1.792

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Forex Analysis:::2021-12-13T12:48:11

Analysis of Gold for December 13,.2021 - Both upside objectives met, key pivot zone at $1.792

Technical analysis:

Analysis of Gold for December 13,.2021 - Both upside objectives met, key pivot zone at $1.792

Gold has been trading upside as I expected. The Gold reached both upside objectives from Friday. There is big pivot zone at $1,792-$1,794.

Trading recommendation:

Strong supply zone at the price of $1,792-$1,794. Watch for the price action around this pivot zone to confirm further direction.

Bigger rejection of the supply zone can lead the price towards $1,785

Breakout on good momentum to the upside can lead the price towards $1,808

Stochastic oscillator is showing fresh bull cross and overbought condition....

Analyst InstaForex
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