GOLD 18-12-2023

Technical Analysis

By Shady Fouad On Dec 18, 2023

GOLD 18-12-2023.

Prices have breached the resistance zone of 2005 to the upside, reaching the second crucial resistance area within the range of 2035. It is likely that this area will limit the corrective movement and lead to a resumption of the downward trend in prices. This scenario is invalidated if prices re-break above the 2035 zone.

Support	2017	2005	1975
Resistance	2035	2080	–

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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