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24.12.202117:43 Forex Analysis & Reviews: Analysis of Gold for December 24,.2021 - Watch for price action around $1.815

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 24.12.2021 analysis

Gold has been trading sideways at the price of $1,808 but there is important pivot point at $1,815.

Trading recommendation:

If you see thee aggressive breakout of the pivot at $1,815, watch for potential buying opportunities on the pullbacks with potential target at $1,842

If you see see rejection of the $1,815, watch for downside opportunities on the rallies with the downside objective at $1,787

Petar Jacimovic
Analytical expert of InstaForex
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