FX.co ★ Analysis of Gold for December 21,.2021 - Upside continuation in the play

Technical analysis:

Gold has been trading upside today and I expect the continuation of the upside momentum.

Trading recommendation:

Due to the rejection of the key pivot at the price of $1,789, I see potential for the upside continuation of the bullish momentum in the background.

Watch for buying opportunities on the intraday pullbacks with the upside objective at the price of $1,814.

Stochastic is showing fresh bull cross and the oversold condition, which is another sign and confirmation for the upside rotation.

Key support level is set at $1,789