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30.12.2021 02:53 PM
Analysis of Gold for December 30,.2021 - Potential for upside continuation

Technical analysis:

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Gold has been trading sideways at the price of $1,804 but I see potential for the upside rotation due to support on the test.

Trading recommendation:

Due to potential double bottom and rejection of the Pitchfork trend lines, I see fuhrer upside rotation.

Watch for buying opportunities with the upside objective at $1,818

Stochastic is showing another fresh bull cross, which is good sign for further upside continuation.

Key support is set at the price of $1,790

Summary
Urgency
Analytic
Petar Jacimovic
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