Gold Trading Strategy 12/19

שלשום

Yesterday's interest rate decision caused gold to break below 2600, reaching around 2580. Currently, the price has rebounded to 2610, but 2600 remains a key support/resistance level, and it’s expected that gold may test this level again.

Today's trading strategy will focus on the 2693-2623 range.

Look for shorting opportunities within the 2618-2628 range
If the price drops into the 2603-2593 range, consider going long