Main Quotes Calendar Forum
flag

FX.co ★ Analysis of Gold for December 30,.2021 - Potential for upside continuation

parent
Forex Analysis:::2021-12-30T12:53:26

Analysis of Gold for December 30,.2021 - Potential for upside continuation

Technical analysis:

Analysis of Gold for December 30,.2021 - Potential for upside continuation

Gold has been trading sideways at the price of $1,804 but I see potential for the upside rotation due to support on the test.

Trading recommendation:

Due to potential double bottom and rejection of the Pitchfork trend lines, I see fuhrer upside rotation.

Watch for buying opportunities with the upside objective at $1,818

Stochastic is showing another fresh bull cross, which is good sign for further upside continuation.

Key support is set at the price of $1,790

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...