Technical analysis of GOLD 12/31/2020

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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