GOLD DAILY ANALYSIS 29.12.2021
As we can see the momentum is positive. Yesterday we have a higher high and prices touched 1820 level. The price settled at 1806 making this a support by forming a lower high. So today the value area will range between 1806 to 1808 having the Control Price at 1812. Also we can see a wedge forming near the 1818 price. So expect a breakout here. May be this breakout will happen in new year as this will need very high volume. For now expect a bullish trend and a good support at 1800 level. So set the Sl at 1798 and TP at 1818.
Happy holidays. Please comment your thoughts
Happy holidays. Please comment your thoughts
Note
Iam sorry for the typo in price: the value area will range between 1806 to *1818
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.