GOLD 6-12-2023

Technical Analysis

By Shady Fouad On Dec 6, 2023

GOLD 6-12-2023.

Gold broke its historical peak at $2081.80 and reached new price levels within the range of $2145. However, it faced intense selling pressure, which continued until yesterday’s trading session where prices tested the support zone at $2010. If prices continue to rebound higher, we may see a test of the $2033 level.

Support	2020	2010	1995
Resistance	2033	2045	2060

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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