Technical analysis of GOLD 12/18/2020


Gold on the daily chart found resistance around the level of 1900.00 (MA100), from which it corrected to the area of ​​1855.00 (neckline of the “head and shoulders” figure).
At the moment, the price has resumed its growth within the “head and shoulders” pattern with a potential target at the level of 1986.80.
A signal to cancel the growth and formation of the pattern will be a decline below the “left shoulder” and the level of 1819.40.

Created by Joshua Hayn

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Libertex [CPS] WW

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