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10.12.2021 03:07 PM
Analysis of Gold for December 10,.2021 - Falling wedge in play

Technical analysis:

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Gold has been trading downside today but there is potential for the rally in the next period due to exhaustion condition intraday.

Trading recommendation:

Watch for buying opportunities due to possible wedge formation in the background.

Upside targets are set at the price of $1,779 and $1,787

Stochastic is showing fresh bull cross and oversold condition, which is another sign and confirmation for the upside continuation.

Key support is set at the price of $1,761

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