Daily gold analysis 18-12-2019

Daily gold analysis

Gold is trading between the top and bottom of the sideways movement until the direction has not been determined, but since the prices are the lowest trend, it becomes bearish, but the closing and stability above the trend can complete the upside.

As we explained the movement on 12-12-2019, but the gold did not fall as we had expected, but it went up and touched the trend and then it fell and until now it did not confirm the decline nor also confirmed the rise so we will wait for confirmation

Since the 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.

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 Gold

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

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