Analysis of Gold for December 11,.2020 - Watch for buying opportuntiies with the target at $1.874

UK PM Johnson: It is looking very, very likely we will have a no-deal Brexit Comments by UK prime minister, Boris Johnson Fisheries is a big problem There is a way to go Yet to see a big change from the EU

Essentially, the dinner meeting between Johnson and von der Leyen resulted in both sides now threatening that they are fine with letting the clock tick down and a no-deal outcome will kick into effect as such.

That might be how things transpire on Sunday but don't rule out a return to the negotiating table before 31 December.

Further Development

Analyzing the current trading chart of Gold, I found that the sellers got exhausted today and that there is potential for the upside reaction and upside trend to resume.

Watch for buying opportunities with the targets at $1,874 and $1,896

Stochastic oscillator is showing oversold condition, which is good indication for further rise....

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got VIX and Lumber today and on the bottom Lean Hogs and Orange Juice.

Key Levels:

Resistance:$1,850 and $1,874

Support level: $1,824