Register Register

Chinese (Simplified)

December 23, 2021

Gold Trades Flat Ahead of U.S. Key Economic Results, $12+ Volatility Likely; Dec 23, 2021

Key U.S. Indicators to Keep in Mind While Trading in Gold

Today’s U.S. session is little bit hectic as U.S. has schedueld to release various Key Economic Resutls at the same time 1330 GMT/1900 IST only. The key U.S. Economic Indicators will be U.S. personal Income and Spending results, Durable Goods & Core Durable goods orders results and lastly unemployment claims weekly data. In addition, U.S. will come up with the New Home sales and Revised UoM Consumer Sentiment results at 1500 GMT/2030 IST. Each key economic Indicators will give around $10 volatility in Gold and in case of mixed economic results, U.S. dollar gets voaltile against major peers.

Here I am taking into consideration the past movement of U.S. Personal Income and Spending data only.

Let’s see how gold has reaccted during the previous data release:

Nov 24:

Oct 29:

Technical View:

XAU/USD (Gold):

The Gold moves in stiff boundaries ahead of U.S. Session and hovers around $1,805 mark.
Today pair made intraday high at $1,808 and low at $1,803 mark.
A day chart is down and H1 chart with triple EMA suggests up trend for the time being.
A sustained close above $1,811 on H1 chart requires for the upside rally.
Alternatively, a consistent close below $1,798 will check further supports.

SUPPORTS	RESISTANCES
$1,798	$1,811
$1,792	$1,816
$1,786	$1,822
$1,781	$1,827
$1,776	$1,832

Take a look and do trade wisely!
Good Luck

TP Global FX Research Team

With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills

Registered office:

No. 9 Cassius Webster Building, Grace Complex, PO Box 1330,
The Valley, Al-2640 Anguilla

Physical Offices

1001 Crystal Tower, Business Bay, Dubai, UAE
Contact Number : +97144508205

Mail us

Drop mail at: support@tpglobalfx.com

Contact us

Call or Whatsapp +44 7441 416320

Sales Queries

Drop mail at: sales@tpglobalfx.com

Offices

Vanuatu office:
Law Partners House, Kumul Highway, PortVila, Vanuatu

Offices

Head office:
1810, 1811, Prime Tower,
Business Bay, Dubai, UAE

Instrument

Platforms & Tools

Partnership

Company

Others

© 2022 TP Global. All right reserved.

Baybahis Hititbet 1win Elitbahis Matadorbet

Privacy Policy | Terms & Conditions |Product Statement | Client Agreement | AML/KYC | Refund Policy

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. This site is run and operated by – TP Global Services Limited. Registered by Anguilla with a registered address : No. 9 Cassius Webster Building, Grace Complex, PO Box 1330, The Valley, Al-2640 Anguilla.

Restricted Regions: TP Global Services Limited does not provide services for citizens/residents of the United States, Canada, Cuba, Iraq, Myanmar, North Korea, Sudan.

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. This site is run and operated by – TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines.

TP GLOBAL FX is monitored by VFSC Vanuatu with registration number 40409 and located at Law Partners House, Kumul Highway, PortVila, Vanuatu.

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.