Daily gold analysis on 12-12-2019

Daily gold analysis

As we explained the movement yesterday, 11-12-2019, but the gold did not drop as we expected and now gold is trading between the top of 1484.50 and the bottom of 1450.00

 This movement has not yet determined the course of gold, so it is preferable to wait for confirmation before making a decision


Since prices are moving between the top and the bottom, there is no specific path yet, and it is preferable to wait for a break of the top or bottom of the gold in the event of breaking the bottom of 1450.00, then the decline is confirmed, and also in the case of breaking the top of 1484.50.

Gold may continue falling to $ 1414 levels before resuming the rise, but the condition of confirming the decline is to break the bottom of 1450.00 to confirm

The following chart shows the points of buying and selling in gold

Daily gold analysis


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Marowa Al Tujjar
Marowa Al Tujjar
مديرة القسم الصحفي - كاتبة و محررة إقتصادية متخصصة بالعملات الرقمية

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