Gold Analysis Today DECEMBER 12, 2024 Strong Growth or Collapse?
SPDR Gold Trust Gold Fund bought 2.59 tons of gold yesterday, December 11
Important resistance: 2733 - 2740 - 2750
Important support level: 2680 - 2675 - 2700
XAUUSD
XAUUSD trading strategy
around price area:
BUY XAUUSD around 2700-2701
Stoploss: 2695
Take Profit 1 : 2710
Take Profit 2: 2720
Take Profit 3: 2730
“If there is a break through the 2728 area during the day, we should watch to sell around the 2749-2750 area in a long-term channel.”
SELL XAUUSD around 2749-2750
Stoploss: 2756
Take Profit 1 : 2745
Take Profit 2: 2740
Take Profit 3: 2733
Note: Always install Stoploss in all cases to be safe!
Important resistance: 2733 - 2740 - 2750
Important support level: 2680 - 2675 - 2700
XAUUSD
XAUUSD trading strategy around price area:
BUY XAUUSD around 2700-2701
Stoploss: 2695
Take Profit 1 : 2710
Take Profit 2: 2720
Take Profit 3: 2730
“If there is a break through the 2728 area during the day, we should watch to sell around the 2749-2750 area in a long-term channel.”
SELL XAUUSD around 2749-2750
Stoploss: 2756
Take Profit 1 : 2745
Take Profit 2: 2740
Take Profit 3: 2733
Note: Always install Stoploss in all cases to be safe!
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