Gold May Follow This Set Up From December to February
I would love to analyze Gold from a different angle. Therefore, I use various technical indicators and tools as well. Most of the time, I try to combine fundamental analysis with technical analysis.
So, based on seasonal gold trading strategy and coronavirus omicron concerns, I think Gold may follow this setup from December to February.
Gold may test $1770 before it goes up, and stop-loss should be below $1748. And first upside target is $1830. The next Target is $1865, and the final target to the upside is $1900/1912.
Note: If Omicron is just a hiccup, this chart may not work, and Gold may test $1720 before it goes up.
So, based on seasonal gold trading strategy and coronavirus omicron concerns, I think Gold may follow this setup from December to February.
Gold may test $1770 before it goes up, and stop-loss should be below $1748. And first upside target is $1830. The next Target is $1865, and the final target to the upside is $1900/1912.
Note: If Omicron is just a hiccup, this chart may not work, and Gold may test $1720 before it goes up.
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