FX.co - Analysis of Gold for December 19,.2022 - Test of the rising trendline in the background

2022-12-19T09:50:33

Relevance until2022-12-20

Technical analysis:

Analysis of Gold for December 19,.2022 - Test of the rising trendline in the background

Gold has been trading upside this morning but I see potential for the downside rotation.

Trading recommendation:

Due to potential exhaustion pattern this morning and the test of the rising trend-line, I see potential for the downside movement.

Watch for selling opportunities with the downside objective at $1.791

Resistance is set at $1.798

*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 19,.2022 - Test of the rising trendline in the background