Gold fell and weakened

24. Dez. 2024

Gold fell after rising to 2790. The daily chart shows a descending triangle pattern, with the high point gradually moving down, and the overall trend is a five-wave decline at a high level. The lower support level of 2545 is the dividing line between long and short positions, and the upper level of 2720 forms a double top and falls back, and it rebounds near 2584.
In general, gold is in a trend of high-level shock and decline, with a short-term rebound and a small ascending triangle structure. In terms of operation, you can pay attention to the breakthrough of the triangle before trading. Short-term support is 2610 and resistance is 2635.
It is recommended to arrange short orders when breaking below 2610, and those who are conservative can wait for the price to rebound to 2630-2635 under pressure before going short. The downside targets are TP2605, TP2580, and TP2550, respectively, and the stop loss can be set at 2656 (breaking above the previous adjustment range).

24. Dez. 2024

Trade ist aktiv

The price of gold is running horizontally, breaking the rising triangle structure of the rebound, and testing the 2610 support below. If it falls below this position, it is expected to test the previous low below, and the short-term trend is weak. Follow up patiently and wait for TP to trigger.