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30.12.202211:33 Forex Analysis & Reviews: Analysis of Gold for December 30,.2022 - Potential for the downside movement

Technical analysis:

Exchange Rates 30.12.2022 analysis

Gold has been trading downside and I found rejection of the key resistance cluster at $1.820. There is chance for further downside movement.

Trading recommendation:

Due to the rejection of the strong resistance at $1.820, I see potential for the further downside movement towards lower references.

Watch for the potential selling opportunities on the rallies with the downside objective at the price of $1.810.

Stochastic oscillator is showing fresh downside momentum, which is strong sign that sellers are in control.

Key resistance is set at the price of $1.820

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Petar Jacimovic,
Analytical expert of InstaSpot
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