AGL 8.60 Increased By ▲ 0.30 (3.61%)
ANL 10.83 Increased By ▲ 0.24 (2.27%)
AVN 79.79 Increased By ▲ 1.19 (1.51%)
BOP 5.58 Increased By ▲ 0.13 (2.39%)
CNERGY 5.61 Increased By ▲ 0.02 (0.36%)
EFERT 80.40 Increased By ▲ 0.15 (0.19%)
EPCL 71.00 Increased By ▲ 1.40 (2.01%)
FCCL 14.99 Decreased By ▼ -0.31 (-2.03%)
FFL 6.60 Increased By ▲ 0.07 (1.07%)
FLYNG 7.28 Increased By ▲ 0.10 (1.39%)
GGGL 11.00 Increased By ▲ 0.15 (1.38%)
GGL 17.15 Increased By ▲ 0.36 (2.14%)
GTECH 8.20 Increased By ▲ 0.06 (0.74%)
HUMNL 7.18 Increased By ▲ 0.14 (1.99%)
KEL 2.99 No Change ▼ 0.00 (0%)
LOTCHEM 32.90 Increased By ▲ 2.13 (6.92%)
MLCF 28.30 Decreased By ▼ -0.68 (-2.35%)
OGDC 85.78 Increased By ▲ 3.03 (3.66%)
PAEL 16.93 Decreased By ▼ -0.04 (-0.24%)
PIBTL 5.97 Decreased By ▼ -0.11 (-1.81%)
PRL 18.54 Increased By ▲ 0.44 (2.43%)
SILK 1.17 Increased By ▲ 0.02 (1.74%)
TELE 11.54 Increased By ▲ 0.29 (2.58%)
TPL 9.42 Increased By ▲ 0.22 (2.39%)
TPLP 20.43 Increased By ▲ 0.55 (2.77%)
TREET 26.80 Increased By ▲ 0.34 (1.28%)
TRG 98.44 Increased By ▲ 3.84 (4.06%)
UNITY 20.15 Increased By ▲ 0.65 (3.33%)
WAVES 14.00 Decreased By ▼ -0.34 (-2.37%)
WTL 1.32 Increased By ▲ 0.02 (1.54%)
BR100 4,260 Increased By 73.5 (1.75%)
BR30 15,770 Increased By 296.5 (1.92%)
KSE100 42,661 Increased By 564.8 (1.34%)
KSE30 16,171 Increased By 287.8 (1.81%)
Markets

Spot gold may rise into $1,828-$1,830 range

  • Support is at $1,809, a break below which may cause a fall into $1,785-$1,797 range
Published December 31, 2021

SINGAPORE: Spot gold may rise into a range of $1,828-$1,830 per ounce, as it has broken a resistance at $1,817.

The uptrend from $1,753.30 has extended. It is developing within a rising wedge, which suggests a target zone of $1,828-$1,830.

Support is at $1,809, a break below which may cause a fall into $1,785-$1,797 range.

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Comments

Comments are closed.