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Weekly GOLD Forecast (12.12. – 16.12.2022)

Suggests an attempt to test the support level near the 1715 area. Then, the continued growth in Gold prices with a target above the level of 1985. A test of the trend line on the relative strength index (RSI) will come out in favor of the quotes rise. Cancellation of the growth option for GOLD will be a fall and a breakdown of the level of 1645. This will indicate a continued decline in quotes to the area below the level of 1575.