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Expert In



Analysis of Gold for December 06,.2021 - Downside continuation in play

Technical analysis:


Gold has been trading downside in lasts 24 hours and I see potential for the downside continuation.

Trading recommendation:

Due to strong downside cycle on the Gold and potential of the end of upside correction, I see potential for the downside continuation.

Watch for selling opportunities on the rallies with the downside objective at $1,762

Stochastic is showing fresh bear cross and overbought condition, which is another sign and confirmation for the downside continuation.

Resistance is set at the price of $1,787

The material has been provided by InstaForex Company -