Gold Oscillation Runs, Analysis and Signal Updates

Dec 30, 2024

The gold structure adjusts the short-term price around the MA10 daily moving average of 2620 to form a narrow range of 2610/2640. The RS1 indicator has not yet shown an obvious strong signal, and the value of the central axis 50 continues to be flat. The Bollinger band of the short-term four-hour chart is sideways, and the Bollinger band channel is narrowly consolidated. The trading idea at the beginning of the week continues to look at the 2610/40 range to sell high and buy low to participate in short-term trading.

Gold is still oscillating in a large range in 1 hour. Gold is running below 2640 on Friday. If gold is under pressure at 2640 today, then gold will continue to be bearish. Gold rebounded to a high of 2635 in the US market on Friday and was blocked. Gold rebounded near 2635 today and can continue to be sold.

First support: 2613, second support: 2606, third support: 2593

First resistance: 2632, second resistance: 2638, third resistance: 2650

Trading strategy:

BUY: 2615-2613, SL: 2604, TP: 2630-2640;

SELL: 2635-2637, SL: 2647, TP: 2620-2610;

Dec 30, 2024

Trade closed manually

Close this buy now +30-50pips . Wait a new, we need to sell in NY market

Dec 30, 2024

Note

Gold bears are more dominant today, and gold rebounds and continues to be short. Although gold fluctuates in a large range in the 1-hour period, the high points of gold rebounds are successively lower, and the decline of gold also falls below Friday's low. Gold bears are more dominant, and gold rebounds in the US market and continues to be short. It continues to sell below today's high of 2628.