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Gold heading higher as New York City prepares for full lockdown – GOLD Market Outlook – 15/12/2020

SquaredFinancial

Gold hit our short support target at 1825, only for risk-off sentiment to pick up pace after Governor Cuomo warned that New York is on the path towards a full lockdown as hospitalization numbers and infections continued to surge with deaths now topping 300K. Demand on the yellow metal should continue to pick up ahead of the Fed’s last meeting of the year, as we look for an hourly close above 1840 resistance level to open the door to further upside.

Support: 1835 / 1825 / 1815
Resistance: 1840 / 1850 / 1860

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-heading-higher-as-new-york-city-prepares-for-full-lockdown-gold-market-outlook-15-12-2020
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