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XAUUSD Gold Forecast And Technical Analysis Dec 5th

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XAUUSD Gold Forecast And Technical Analysis Dec 5th

We have published our Gold Forecast for December on Monday. And nothing changed fundamentally.

Gold Forecast

Technically, it is very clear that Gold prices will remain under pressure towards 1269 as long as it stays below 1.277.

RSI of the H4 chart is bearish. Price stuck between 1277-1272.

A 10 USD movement in the direction of the breakout is possible. If it breaks above 1277, 1281 and 1285 can be tested. And if it breaks below 1263 can be tested as well.

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This article was written by Emre Tutucu for http://www.fxters.com/xauusd-gold-forecast-technical-analysis-dec-5th/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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