XAUUSD: Buy around 2660 when it falls back, target 2680-2690

2024年12月10日

The recent continuous rise in gold prices is because the People's Bank of China resumed gold purchases after a lapse of 6 months, and the expectation of the Federal Reserve's interest rate cut next week is increasing. In addition, the collapse of the Assad dynasty in Syria has further shaken the stability of the Middle East, thereby increasing risk aversion.

From the market, after breaking through the resistance, the gold price will continue to move upward, and the upper resistance is in the range of 2680-2690. Therefore, as long as the gold price has not yet touched this range, we can consider going long during the decline period, relying on the lower support of 2660.

In addition, tomorrow is the release day of CPI data. The results of the data release are very important and will determine the future trend of gold. Before that, my view is bullish on gold, with a target of 2680-2690.

2024年12月10日

交易進行

Just now, the gold price rose as expected after reaching around 2660, and the long orders we bought here have begun to make profits.

2024年12月10日

交易結束：目標達成

The gold price is close to the target of 2680. I am ready to close the profit now and lock in the profit.