Main Quotes Calendar Forum
flag

FX.co ★ Analysis of Gold for December 08,.2022 - Rejection of the key support nad potential for bigger growth

parent
Forex Analysis:::2022-12-08T07:09:01

Analysis of Gold for December 08,.2022 - Rejection of the key support nad potential for bigger growth

Technical analysis:

Analysis of Gold for December 08,.2022 - Rejection of the key support nad potential for bigger growth

Gold has been trading upside as I expected and the price has rejected of the key support cluster at $1.765, whic his good sign for further growth.

Trading recommendation:

Due to the upside trend in the background and rejection of the key support, I see potetnial for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of $1.804 and $1.840

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of $1.865

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...