Gold Trading Advisory Update for Dec 27

Once again gold traded higher again. Am looking for prices to test the next resistance level around 1295.00. Have added next resistance levels on the chart. This information is provided for informational and educational purposes only and is not a recommendation to buy or sell any gold contract. Here’s the chart which is provided by

Gold Trading News Today…..

Year-to-date, gold prices have risen 9% as of December 18, 2017. Its performance is not what we expected. In 3Q17, gold breached the $1,300 per ounce level when geopolitical tensions between the United States and North Korea came to the forefront. Since then, gold prices have mostly gone downhill. Factors such as a strong US labor market, economic growth, recovery of the US dollar (UUP), and Congress passing the US tax reform bill were the main factors that led to the weakness in gold.  Read More

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