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Gold Technical Analysis December 5, 2022


Gold Technical Analysis December 5, 2022

The Gold declined 0.20% against the USD on Friday and closed at 1798.60. Today in the European session, while the Gold technical Analysis December 5, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1795.00, which is 0.20% lower than Yesterday’s close.

The Gold is expected to find support at 1793.50, and a fall through could take it to the next support level of 1783.00. The pair is expected to find its first resistance at 1804.00, and a rise through could take it to the next resistance level of 1810.00. Today’s expected trading range is between 1779.00, support, and 1819.00 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1793.50
Support 2: 1783.00
Support 3: 1779.00

Important resistance levels:

Resistance 1: 1804.00
Resistance 2: 1810.00
Resistance 3: 1819.00

Crude Oil Technical Analysis December 5, 2022

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