$Gold $XAU = Daily Analysis = 20.12.2021 #GOLD #preciousmetals $GDX $GLD #XAUUSD #GC_F #investing

As expected after yesterday’s candle formation, gold moved down and printed a red candle. The dances with the 200 DMA continue. The question now is whether this is a minor pullback before moving higher or the move down proceeds. Let’s try to decipher the messages from the candles, TA and waves.

This daily overview contains:
– analysis of the daily candle chart and TA;
– 2hr EW chart with the short-term targets;
– mid- and long-term forecasts.

If you would like to continue reading, please subscribe for Premium Content.

Premium Content

Read more of this content when you subscribe today.

Follow the blog on Twitter @InvestingAngles or, if you want all posts in your inbox, by email subscription.
https://investingangles.com/subscription/

Previous Analysis:
https://investingangles.com/2021/12/18/gold-xau-weekly-analysis-18-12-2021-gold-preciousmetals-gdx-gld-xauusd-gc_f-investing/

SPX & DJIA Daily Analysis:
https://investingangles.com/2021/12/20/spx-dowjones-daily-analysis-20-12-2021-spy-sp500-dia-es_f-ndx-fintwit-qqq-iwm/

%d bloggers like this: