Weekly Gold Forecast December 9th-13th,2019

Gold forecast  December 9th-13th,2019

Gold forecast  December 9th-13th,2019


Weekly Gold forecast December 9th-13th,2019

Gold forecast December 9th-13th,2019

Gold forecast December 9th-13th,2019

GOLD continue to move as part of the upward correction and the bearish channel. At the time of the publication of the forecast, the price of GOLD is 1463 Dollars . Moving averages aand fibonachi retrecement , indicate a short-term bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of ​​1478. Where can we expect a rebound and the continuation of the fall in the price of Gold with a target below the level of 1413.

XAU/USD Forecast and GOLD analysis December 9th-9th , 2019
An additional signal in favor of reducing the XAU/USD quotes will be a test of a downward trend line on the Moving Averages . The second signal in favor of falling GOLD prices will be a rebound from the upper border of the downward channel.