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December 20, 2021

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.

SUPPORTS	RESISTANCES
$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

TP Global FX Research Team

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