empty
 
 
07.12.2022 07:19 AM
Elliott wave analysis of Gold for December 7, 2022

This image is no longer relevant

After a nice rally to test resistance at 1,799, gold should see a temporary setback to 1,701 before the next attempt to test and likely break above resistance at 1,799, this time for a continuation higher towards 1,912. Ultimately, the price will make a firm test of the all-time high at 2,075. This resistance is likely to reject the first attempt to break above it. However, after a corrective setback, the next attempt should prove successful for a continuation towards 2,400 and ultimately towards the long-term target at 2,700.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback