XAUUSD: Maintain Range-Trading

16 Des 2024

✅Support area below:
The strong short-term support level of gold is in the 2640-2635 area. This position is expected to become the key area for short-term bullish rebound, so it is not recommended to chase shorts below 2650. If the short-term drops to around 2640 again, it will be a good opportunity for longs to enter the market, rather than a time to chase shorts.

✅Resistance area above:
The key resistance at the daily level is in the 2665-2675 area. If the rebound approaches this range, you can pay attention to short opportunities.

✅Short-term trading ideas:
At the beginning of this week, gold is expected to maintain a range of 2640-2675, and high selling and low buying are still the main operating strategies. The current trend is not suitable for chasing shorts. It is recommended to wait for the rebound to approach the resistance area before arranging short orders, or to arrange long orders near 2640.

✅Trend prediction:
If gold continues its weak trend, the rebound may be limited. However, when the short-term deviates from the support area, the risk of chasing shorts is high, and it is necessary to focus on the support performance of the 2640-2635 area.

🔥The current trend of gold is consistent with previous expectations, and it is still dominated by range fluctuations in the short term. Investors are advised to operate flexibly in the range of 2640-2675, short on rallies and long on lows, follow orders cautiously, and wait for clearer trend signals.

17 Des 2024

Trade aktif

GOLD BUY @ 2645-2648

SL 2639

TP1 2658
TP2 2664