Gold price analysis December 18

לפני 5 ימים

Fundamental Analysis
Gold prices rose on an overnight rebound from the $2,633 area, or above a one-week low, and attracted some buyers during the Asian session on Wednesday. The rise may have been due to some repositioning ahead of key central bank event risks, although the upside is likely to remain limited as traders may opt to await the outcome of the crucial two-day FOMC policy meeting later today. The Federal Reserve is widely expected to cut borrowing costs by 25 basis points and adopt a more cautious stance on future rate cuts.

Technical Analysis
As the previous analysis shows, gold prices are still in a downtrend until they close above 2690. 2664 is not seen as a key resistance zone at the moment. We have to wait until the 2673 and 2690 zones for the price to continue to be the focus zone of today for the main SELL strategies. The destination zone is 2633 and 2615 for the SELL strategies.

Trading price zone
BUY zone 2634-2632 Stoploss 2629
BUY zone 2616-2614 Stoploss 2611
SELL zone 2673-2675 Stoploss 2678
SELL zone 2691-2693 Stoploss 2696

לפני 4 ימים

עסקה פעילה

Gold price extends the range play as traders keenly await Fed rate decision
Gold price remains depressed through the first half of the European session on Wednesday, albeit it lacks follow-through selling and so far, has held above a one-week low touched the previous day

לפני 4 ימים

עסקה סגורה: היעד הושג

Gold price is trading near 2650. If it doesn't break this zone at 5:30, you can SELL scalp to 2636.

לפני 4 ימים

הערה

SELL signal has reached FULL target when price has reached 2586