Gold outlook on December
Updated
According to investing.com Analyst release, gold should be kissing the 1900 area again really soon. I think the 1895 is a significant area from the Novembers price action and should break through. There might be slight pullback between shorted time frames 1880 due holidays labour cost expectations-to possibly 1860 On December 13th to retest support of 9th-12th November.otherwise I am seeing gold as bullish investment all the way up until End or Feb/March when it could possibly hit the peak of 2080. Should the world soon to recover from the pandemic next year we should see gold grow to a new all time high levels and continue to grow throughout the 2021 year.
Order cancelled
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.