fbpx ...

Daily Market Analysis 14|12|2020: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference: 
Buy is envisaged if price trades above 1834.07 with take profit at 1843.00.
Bearish Preference: 
Sell is envisaged if price trades below 1828.94 with take profit at 1824.57.
Fundamentals:
No Fundamentals

Comment: Technically we see that Gold has been on a sell binge on the H1, but at the moment price is close to a strong support on the H1 and H4, we expect price to bounce up before looking for a new price to settle on, today being Monday and a slow news day we expect this instrument to trade solely on technicals.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.