Gold Price Analysis December 16

7 天前

Fundamental Analysis
Expectations of a hawkish Fed rate hike next week boosted the US dollar and US Treasury yields on Wednesday, leading to a corrective pullback in gold prices from multi-month highs.

US President-elect Donald Trump's tax plan will add to inflation and delay the Federal Reserve's easing policy.

Technical Analysis
Gold is in a strong bearish channel with 2636 being the first target of the downtrend and 2626 the next. The recovery to be considered a trend reversal only when gold closes above the 2691 area. Gold is still considered a downtrend if it faces the 2672 and 2691 port areas. Pay attention to price reaction to have the best trading strategy

Trading attention zone
BUY zone 2626-2624 Stoploss 2620
SELL zone 2673-2675 Stoloss 2678

7 天前

交易進行

Currently, gold prices are still sideways and there is no specific trading trend.

6 天前

交易結束：目標達成

The next resistance zone that gold is aiming for is 2665.

6 天前

註釋

Resistance zone 2665 has reacted 2 prices and the trading session has come, close the order in this zone if you still hold