13.12.202311:04 Forex Analysis & Reviews: Analysis of Gold for December 13, 2023 - Potential for the further downside continuation

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Technical analysis:

Gold has been trading downside in the background and I found potential for the further downside continuation to the to the selling pressure.

Due to the selling pressure and the negative reversals on the RSI oscillator, I see potential for the further drop towards lower references.

Downside objectives are set at the price of $1.967 and $1.955

RSI oscillator is showing negative reversals, which is good sign for the further downside movement.

Resistance is set at the price $1.990

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