30th December Gold Outlook: If $1825 not cleared, Drop to $1797
Gold has been trading with a Bullish bias supported by psychological base above $1800 and seems to have formed support base around $1810-$1815
Since this is the last Trading day of calendar year, we may see some added volatility despite absence of institutional traders volume participation.
Technically, failure to close above $1827-$1833 will keep Gold vulnerable to a drop to $1800 and extend the decline to $1773 over an extended period of time.
For intraday session, a sustained move above $1815 keeps chances valid for retest of $1825 followed by swing top $1833
Failure to sustain above $1815 or rejection from $1822 zone may trigger correction towards $1805 followed by $1797
In the event of extended selling, $1784 will act as trend key which can decide further direction.
Summary: As long as Gold keeps afloat above $1815, there is a possibility of retest of $1825 and $1833 while weakness below $1815 can cause drop to $1805 and $1797
Since this is the last Trading day of calendar year, we may see some added volatility despite absence of institutional traders volume participation.
Technically, failure to close above $1827-$1833 will keep Gold vulnerable to a drop to $1800 and extend the decline to $1773 over an extended period of time.
For intraday session, a sustained move above $1815 keeps chances valid for retest of $1825 followed by swing top $1833
Failure to sustain above $1815 or rejection from $1822 zone may trigger correction towards $1805 followed by $1797
In the event of extended selling, $1784 will act as trend key which can decide further direction.
Summary: As long as Gold keeps afloat above $1815, there is a possibility of retest of $1825 and $1833 while weakness below $1815 can cause drop to $1805 and $1797
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.