Will Gold also test the next resistance level?

2024年12月12日

It’s been a highly bullish week for XAUUSD traders, with prices not only reaching but surpassing all my targets one by one.

As I outlined in Monday's outlook, if the bulls manage to break above the 2655–2660 resistance zone, the 2785 level would be exposed, and more importantly, the price would very likely move beyond 2700.
Yesterday, that prediction materialized as we saw a decisive break above this critical milestone, with XAUUSD reaching the 2718 target—and even surpassing it.

Overnight, the price briefly dropped from 2725, touching the newly formed support at 2700 before reversing strongly upward.

The overall structure remains extremely bullish, with every dip being bought by traders.
This momentum should guide our strategy moving forward, focusing now on the next resistance zone at 2755–2760.

2024年12月12日

交易進行

Gold dipped under 2700
As explained I'm looking to buy dips and expect a reversal on daily close