FX.co ★ Analysis of Gold for December 21,.2022 - Testing of the key resistance

Technical analysis:

Gold has been trading upside and I found that market is testing key intraday resistance at the price of $1819.

Trading recommendation:

Due to the rejection of the key resistance at the price of $1.819, I see potential for the further downside movement.

Watch for the potential selling opportunities with the downside objectives at $1.811 and $1.800

Stochastic oscillator is showing overbought reading and potential for further downside rotation.

Key resistance is set at the price of $1.820