Gold is poised for adjustment

17 déc.

The price of gold fell back to 2643 after stopping its decline. Yesterday, it maintained a horizontal range.
In the short-term trend, the hourly trend line suppression has also been broken. The upper 2665 line resistance is under pressure. If this position is broken, the price will test the upper 2675 line. The lower 2645 line is supported, and if this position is broken, the price will drop to the 2620 line.
Short-term narrow convergence, the operation still maintains the short-term range thinking.

17 déc.

Transaction en cours

Gold trend today is in a narrow range and weakening. A downward break pattern is formed in the short term. The news in the US session stimulated another decline. It currently fell to 2635 and then rebounded.
But the short-term structure is basically confirmed. Short-term rebound is the main focus.
The upper resistance area is 2645-2650.
The lower support area is 2625-2620.