Gold: Outlook For The Week Of December 9th, 2018

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On analysis of the Gold futures in different time frames, I find Gold future look ready for a breakout amid fear of equity meltdown. No doubt that a sustainable move above $1268 will definitely confirm a breakout in Gold futures. Let’s have a look at the movements of Gold future in the following charts.

Gold: Outlook For The Week Of December 9th, 2018

Gold Futures Daily Chart – Expected Trading Zones For December 2018

Gold: Outlook For The Week Of December 9th, 2018

Gold Futures 4 Hr. Chart – Expected Trading Zones For December 2018

Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

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