XAUUSD: 1H Trend Analysis

11 gru 2024

✅Gold continued to close positive on the hourly chart in early trading, with the price hitting the key psychological mark of 2,700 and briefly breaking through. However, after the breakthrough, gold did not accelerate upward quickly, but fell back slightly, which shows that the market showed a certain hesitation at the key point. The short-term pullback provides a good entry opportunity for bulls. The current goal is clear, and the focus is on the breakthrough of the 2720 line above.

✅If it pulls back to the 2675-2680 range, you can try to arrange long orders. The initial target is 2715-2720. If it can break through 2720, it can be further seen above 2730

🔴Upper resistance: 2700 (psychological level), 2720 (short-term target).
🟢Lower support: 2685-2680 (short-term support area)

11 gru 2024

Zlecenie aktywne

Today, the focus is on the release of US CPI data, which may lead to intensified short-term fluctuations in gold prices. In the case of negative CPI data, special attention should be paid to the effectiveness of the 2675 support level. Once the support is lost, the market may return to a volatile market; if it is good for gold, we need to observe whether it can effectively break through the 2715-2720 resistance area and stabilize. It is recommended to remain flexible in operation, be cautious in chasing the rise, and wait for the opportunity to buy more after adjustment.

11 gru 2024

Transakcja zamknięta: osiągnięto wyznaczony cel

🔸Intraday trading strategy
🎯Strategy 1: Gold Sell 2720-2722, SL6-8$, TP 2705-2695, Breaking position looks to 2680 line✅

🎯Strategy 2: Gold Buy 2678-2680 , SL6-8$, TP 2700-2710, Breaking position looks to 2720 line✅