Gold price slowly fell to 2625 in the Asian session and then rebounded. It just rose due to the good news. After the 4H chart turned strong, it continued to look up to the parallel high of 2665; later, short-term support was 2640, and strong support was 2636; short-term resistance was 2650-2654, and strong resistance was 2660-2665;
Strategy: Buy near 2640, SL...
News analysis:
On Thursday, January 2, spot gold rose slightly in the U.S. market, currently around $2,658.38. Gold prices rose 27% in 2024, the largest annual increase since 2010, driven by safe-haven demand and interest rate cuts by central banks; however, market sentiment may become more cautious, depending on policy changes during Trump's second term as...
Gold technical analysis: Gold rebounded today and continued to short. Gold was shorted at 2627 in the early trading. The article also directly publicly suggested that it was shorted at 2627. Gold fell and harvested. Gold had a good start this week. Gold shorted at 2627, 2620 and 2613 during the day and won three consecutive victories. Gold shorts were even better....
