Gold (XAUUSD)Long
Trading Signal for GOLD (XAU/USD) for December 13-15, 2024
GOLD is trading around 5/8 of Murray at 2,673 within the uptrend channel forming since December 4 and above the 21 SMA and the 200 EMA.
On the H3 chart, we can see that during the European session on Wednesday, gold made a strong technical correction from 2,704 to 2,676. Since then, we see that it has recovered part of the losses.
A further drop is likely to occur due to the US inflation data to be released any time.
In case a pullback occurs at 2,683 where the first daily resistance is located, it will be seen as an opportunity to sell gold, with targets at 2,633 and 2,616.
On the H3 chart, we can see that during the European session on Wednesday, gold made a strong technical correction from 2,704 to 2,676. Since then, we see that it has recovered part of the losses.
A further drop is likely to occur due to the US inflation data to be released any time.
In case a pullback occurs at 2,683 where the first daily resistance is located, it will be seen as an opportunity to sell gold, with targets at 2,633 and 2,616.
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Official Telegram Channel
t.me/MrForex_Pips
Personal Contact t.me/FxMr_Signal
t.me/MrForex_Pips
Personal Contact t.me/FxMr_Signal
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