23rd December Gold Outlook: $1812 Resistance and $1784 Support
As yesterdays drop to $1784 was a chance for some retail buying in the wake of thin volume, Gold got some support with Day closing above $1792
As long as Gold sustains above $1792, some recovery towards psychological $1800 handle is likely above which up move can extend to supply zone of $1805 followed by $1812
Weakness below $1792 will indicate entry of sellers for further drop to $1784 and may extend decline to $1773
As long as Gold sustains above $1792, some recovery towards psychological $1800 handle is likely above which up move can extend to supply zone of $1805 followed by $1812
Weakness below $1792 will indicate entry of sellers for further drop to $1784 and may extend decline to $1773