See also
04.12.2023 10:33 AMTechnical analysis:
Gold has been trading upside into the Asia session but then we had big responsive selling after the buying climax around $2.140 and the selling pressure is now present.
Due to the strong reaction from the sellers in the background and the downside pressure on high volume, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $2.045, $2.035 and $2.020
RSI oscillator is showing reading around 50, which is sign of the indecision.
Key resistance zone is set around $2.020-$2.040
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
