Gold Analysis Today DECEMBER 12, 2024 Strong Growth or Collapse?

58
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!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.