Gold Moves in Rigid Boundaries, Further Sideways movement Likely; Dec 31, 2021

Gold Rises Slightly on Friday and touches $1,820 mark. Today’s U.S. calendar is totally empty due to New Year Celebration and holidays.

Technical View:

XAU/USD (Gold):

  • The Gold remains well supported above $1,810 mark.
  • Today pair made intraday high at $1,820 and low at $1,814 mark.
  • A day chart and H1 chart with triple EMA suggest up trend for the time being.
  • A sustained close above $1,821 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,811 will check further supports.
$1,811 $1,821
$1,809 $1,826
$1,804 $1,832
$1,798 $1,837
$1,792 $1,842

Take a look and do trade wisely!
Good Luck