A Quick Review on Gold Ahead of U.S. Session; Dec 20, 2021

A Quick Review on Gold Ahead of U.S. Session

Today’s U.S. Session is almost empty and Gold enjoys roller coaster movement ahead of U.S. session.

Technical View:

XAU/USD (Gold):

  • The Gold trades marginally lower ahead of U.S. session and remains well supported below $1,800 mark.
  • U.S. Economic Calendar is empty for the day.
  • Today pair made intraday high at $1,804 and low at $1,796 mark.
  • A day chart is down and H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $1,806 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,796 will check further supports.
$1,792 $1,809
$1,787 $1,814
$1,782 $1,820
$1,776 $1,826
$1,772 $1,832

Take a look and do trade wisely!
Good Luck