विदेशी मुद्रा विश्लेषण और समीक्षा: 21.12.2023

21.12.2023 11:00 AM

Analysis of Gold for December 21, 2023 - Potential for the breakout of the triangle pattern

Technical analysis:

Gold has been trading sideways at the price of $2.035 and there is potential for the potetnial breakout of the triangle pattern.

In case of the upside breakout of the resistance at $2.050, there is the chance for the rally towards upside reference at $2.070

In case of the downside breakout of the support at $2.025, there is the chance for the further drop towards $2.000

RSI oscillator is showing reading around 50, which is the sign for the indecision.

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Technical analysis

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