FX.co - Analysis of Gold for December 24,.2021 - Watch for price action around $1.815

2021-12-24T15:43:04

Relevance until2021-12-25

Technical analysis:

Analysis of Gold for December 24,.2021 - Watch for price action around $1.815

Gold has been trading sideways at the price of $1,808 but there is important pivot point at $1,815.

Trading recommendation:

If you see thee aggressive breakout of the pivot at $1,815, watch for potential buying opportunities on the pullbacks with potential target at $1,842

If you see see rejection of the $1,815, watch for downside opportunities on the rallies with the downside objective at $1,787

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for December 24,.2021 - Watch for price action around $1.815