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Monthly Forex Seasonality - December 2021: US Dollar Typically Slips into Year-End
2021-12-08 16:40:00
EUR/USD Ongoing Weakness, EUR/GBP Aided by UK Political Shambles, EUR/CAD Eyes BoC
2021-12-08 12:00:00
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Oil Price Recovery in Focus as Crude Clears December Opening Range
2021-12-08 20:00:00
Crude Oil Forecast: Prices Eye EIA Inventory Data After Technical Outlook Improves
2021-12-08 04:30:00
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Dow Jones, S&P 500, Nasdaq 100 Forecast: Stocks Staring at New Highs
2021-12-08 13:30:00
Will Markets Scale the Wall of Worry into Year-End? - MKT Call: Macro
2021-12-07 18:30:00
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Gold Price Forecast: XAU Fundamentals Look Bleak But Upside Potential Lingers
2021-12-09 04:00:00
Gold Price Forecast: Gold Breakout Potential, but Bearish Bias Remains
2021-12-08 19:39:00
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Monthly Forex Seasonality - December 2021: US Dollar Typically Slips into Year-End
2021-12-08 16:40:00
British Pound (GBP) Price Outlook: Downside Pressure on GBP/USD Persists
2021-12-08 09:00:00
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Monthly Forex Seasonality - December 2021: US Dollar Typically Slips into Year-End
2021-12-08 16:40:00
Japanese Yen Outlook: AUD/JPY and USD/JPY Face Opposing Positioning Signals
2021-12-08 06:00:00
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Gold Has Plenty of Room Below December Low

Gold Has Plenty of Room Below December Low

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly Bars

eliottWaves_gold_body_gold.png, Gold Has Plenty of Room Below December Low

Prepared by Jamie Saettele, CMT

Gold has broken below a major trendline (and channel) that extends off of lows in 2008, 2010, and 2011. Focus is now on the December low at 1522.50 and then support from May 2011 and resistance from December 2010 at 1430/60. Look lower against the Monday high of 1586.

LEVELS: 1612 1586 1522.50 1477 1462 1448 1431

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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