Gold adjusts in a narrow range

27. Dez. 2024

The recent trend of gold has changed from rising to wide fluctuations. After a sharp drop in the recent period, it has entered a rebound and repair stage, but the pressure from the previous high point still exists.
The short-term trend of gold rebounded and pulled up at the 2583 line, forming an upward channel. The resistance of the 2638 line above is under pressure. If it breaks through here, the market will test the 2655 line in the future. The price level has risen slowly in recent days, and the overall performance is still in an extremely weak stage.
At present, the trend of the Asian session is narrowing, and the European session is opening low. At present, the trend of the Asian session is narrowing, and the European session is opening low. If the gold price in the European market continues to weaken and falls below the 2620 line, the opening of the US market is expected to form a wave of accelerated decline, testing around 2600 and 2585.
In terms of operation, it is recommended to short at highs.

27. Dez. 2024

Trade ist aktiv

After gold adjusted and weakened, the short-term rebound was under pressure again. The 2631 resistance line above was under pressure.
XAUUSD SELL@2628-2630
SL2640
TP2620
TP2615
TP2605

27. Dez. 2024

Trade geschlossen: Ziel wurde erreicht

Gold fell in the short term and hit the lower edge support of the upward channel. The current price is 2618. It also hits the TP. If the price is weak with large volume, there may be some fluctuations in the short term. Pay attention to the movement of volume between 2618 and 2615. It is expected that the downward trend will be exhausted after 2615.