Trading Signal for GOLD (XAU/USD) for December 13-15, 2024

GOLD is trading around 5/8 of Murray at 2,673 within the uptrend channel forming since December 4 and above the 21 SMA and the 200 EMA.
On the H3 chart, we can see that during the European session on Wednesday, gold made a strong technical correction from 2,704 to 2,676. Since then, we see that it has recovered part of the losses.
A further drop is likely to occur due to the US inflation data to be released any time.
In case a pullback occurs at 2,683 where the first daily resistance is located, it will be seen as an opportunity to sell gold, with targets at 2,633 and 2,616.