Technical analysis of GOLD 12/18/2020

Gold on the daily chart found support at the level of 1764.18 from which it resumed growth and is currently consolidating around 1885.00.
A “Head and Shoulders” pattern has formed on the chart. The potential target of the pattern completion is at 1986.80.
A signal to cancel the growth and work out the pattern will be a decline below the “left shoulder” and the level of 1819.40.

GOLDDaily

Created by Joshua Hayn

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