GOLD 5-12-2023

Technical Analysis

By Shady Fouad On Dec 5, 2023

GOLD 5-12-2023.

prices are currently moving upward in the short term and have broken through the resistance zone of 2050, also surpassing the historical high of 2081.80, reaching new price levels within the range of 2145. However, there was strong selling pressure pushing it back to the levels of 2020 in yesterday’s trading. If this selling pressure continues, we may test the support zone of 2005.

Support	2020	2010	1995
Resistance	2045	2060	2082

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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