FX.co ★ Analysis of Gold for December 17,.2020 - First target at the price of $1.873 has been reached. Potetnial for upside movement and second targett at $1.897

The usual stuff that we've been hearing for months on end

In this final stretch of talks, transparency & unity are important as ever: Debriefed @Europarl_EN Conference of Presidents this morning on EU-UK negotiations. Good progress, but last stumbling blocks remain. We will only sign a deal protecting EU interests & principles.

For those who missed out, talks are likely to stretch on until the weekend again in hopes of a breakthrough or compromise. Then again, it is Brexit after all. What's another missed deadline? 14 days to go. Tick tock, tick tock.

Further Development

Analyzing the current trading chart of Gold, I found that the Gold reached my first yesterday's target at the price of $1,873 and that is heading to test next upward target at $1,897.

1-Day relative strength performance Finviz

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

Key Levels:

Resistance:$1,883 and 1,897

Support levels: $1,817