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11.12.202311:12 विदेशी मुद्रा विश्लेषण और समीक्षा: Analysis of Gold for December 11, 2023 - First objective has been reached, potential for the further downside movmenet

Technical analysis:

Exchange Rates 11.12.2023 analysis

Gold has been trading downside and the market has reached our first downside objective at $1.997. Sellers are still in control and I see potential for the further downside movement.

Due to the downside momentum and no major sign for the reversal, I see potential for the further drop towards next downside reference.

Downside objective is set at the price of $1.971

RSI oscillator is showing downside trend condition, which is another sign for the further downside movement.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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