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December 31, 2021

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.

SUPPORTS	RESISTANCES
$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

TP Global FX Research Team

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