Menu Close

Daily GOLD Forecast – 12.12.2023

The market aligns with my previous analysis. The price is approaching the designated support levels. Following a test of the support and lower channel boundary, the gold market experienced a pullback. Breaking and stabilizing below the critical level at 2000 suggests the likelihood of the market establishing lower lows towards the next significant support. The range between 1996 - 1991 constitutes a resistance zone. In case the market exhibits signs of diminishing momentum, a downward movement can be anticipated. My objective is the support around 1966.250.