FX.co - Analysis of Gold for December 28,.2021

2021-12-28T13:31:48

Relevance until2021-12-29

Technical analysis:

Analysis of Gold for December 28,.2021 - Broken key pivot at $1.815

Gold has been trading upside and there is the breakout of the major pivot level at $1,815, which is good sign for further rise.

Trading recommendation:

Due to breakout of the major resistance at $1,815, I see potential for the upside movement.

Watch for buying opportunities on the intraday pullbacks with the upside objectives at $1,840 and $1,865.

Key intrraday support level is set at $1,813

*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 28,.2021 - Broken key pivot at $1.815