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14.12.202207:45 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Gold Commodity Assets, December 14, 2022.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.12.2022 analysis

With the appearance of deviations between the price movement of Gold and CCI indicator on 4 hour chart, it is predictied that in the short term Gold will be corrected lower untuk the level 1765.52. If this strong level restrain the rate of downward correction of this commodity asset especially if it does not fall beyond the level of 1785.83 then Gold still has the potential to continue strengthening up to the level of 1824.01.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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