boyinjungle

Gold analysis for December, 1

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Here is today's Gold analysis. Yesterday because of a negative US news Gold shot up to 1808. Later in an interview the Govt. gave a very positive news for Dollar and so Gold crashed from 1808 to 1772 with a high volume in 4 hrs which is highest volume recorded around 2 months back. So from now this candle will be controlling the prices. For today the momentum is bearish and I think 1782-1784 zone will act as rersistance (but still no test is done). The price may range between 1772 to 1782 until some big news comes again. The only positive factor for Gold is the new covid variant. But studies are being done how this responds to vaccination previously done. Once these studies come out we can say something for longterm market

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