XAU/USD Gold price forecast, Buy, Target 1954 (+4.21%)
Gold (XAU/USD, Spot Gold)
Trade : Buy
Entry : 1875
Target : 1954 (79, +4.21%)
Stop : 1835 (-40, -2.13%)
Posted on Thursday, December 17, 2020
Note : As expected, the price of gold is going up. There are two hard resistances to overcome, 1895 and 1925. When they break out 1895, it could mean the correction from the high of August 7th, 2020 is over. We could guess gold would start to rise again for a new high when they break out and secure 1925. In the short term, the target price could be 1923 or 1954. Support could be 1835. In my opinion, it's time to buy gold.
Trade : Buy
Entry : 1875
Target : 1954 (79, +4.21%)
Stop : 1835 (-40, -2.13%)
Posted on Thursday, December 17, 2020
Note : As expected, the price of gold is going up. There are two hard resistances to overcome, 1895 and 1925. When they break out 1895, it could mean the correction from the high of August 7th, 2020 is over. We could guess gold would start to rise again for a new high when they break out and secure 1925. In the short term, the target price could be 1923 or 1954. Support could be 1835. In my opinion, it's time to buy gold.
Trade closed: target reached:
There is a possibility of going up to 1974. However, it is risky to buy at this point.