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23.12.2021 03:08 PM
Analysis of Gold for December 23,.2021 - Potential for the downside breakout

Technical analysis:

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Gold has been trrading sideways at the price of $1,805. I see potential for the downside movement in case of the breakout to the downside.

Trading recommendation:

In case of the downside breakout of the key pivot at $1,803, watch for selling opportunities and continuation al patterns for the downside.

Downside objectives are set at the price of $1,799 and $1,797

Stochastic oscillator is showing oversold condition but with early upside breakout.

Key resistance is set at $1,808

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
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