Gold: Whether to Test the Support Line or Not?

XAUUSD Gold Traders

Hello everyone! Today i want to share some macro analysis with you!

1.

Technical: The price of gold started today's trading after showing a clear downtrend, the price of gold has fallen below the main bullish trend line, is expected to fall in the next few trading sessions, the first target is to test 2600, it should be noted that if the price of gold falls below this level, gold will continue the downward trend to the next target of 2560, the lower target is located in the 2513.15.

Therefore, as long as the price of gold can not overcome the 2658 Therefore, as long as the price of gold fails to overcome $2,658, it is still predicted that gold will have a bearish bias today. Once this level is breached, it will stop the current downward pressure and lead to a return to a major bullish trend.

Gold is expected to trade between support at 2605 and resistance at 2640 today.

Trade to keep sell orders trading!

Strategy: Sell: 2632-2635 TP:2620-2615 SL:2641 (set according to personal habits)

2.

Monday (2 December) Asian market trading, the dollar index is currently located near 106.30, intraday surge of more than 50 points. Spot gold to maintain the intraday plunge trend, the gold price is currently located near $ 2625.

The U.S. dollar strengthened after U.S. President-elect Donald Trump told BRICS countries not to create a currency that competes with the greenback, Bloomberg said. The main reason for gold's plunge! $Gold - main 2502(GCmain)$ $XAU/USD(XAUUSD.FOREX)$

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Today i want to share some macro analysis with you!</p><p></p><p>1.</p><p>Technical: The price of gold started today's trading after showing a clear downtrend, the price of gold has fallen below the main bullish trend line, is expected to fall in the next few trading sessions, the first target is to test 2600, it should be noted that if the price of gold falls below this level, gold will continue the downward trend to the next target of 2560, the lower target is located in the 2513.15. </p><p>Therefore, as long as the price of gold can not overcome the 2658 Therefore, as long as the price of gold fails to overcome $2,658, it is still predicted that gold will have a bearish bias today. Once this level is breached, it will stop the current downward pressure and lead to a return to a major bullish trend.</p><p>Gold is expected to trade between support at 2605 and resistance at 2640 today.                                                                                                                   </p><p>Trade to keep sell orders trading!                                                                                                                 </p><p>Strategy: Sell: 2632-2635 TP:2620-2615 SL:2641 (set according to personal habits) </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8b3fb2d1b5d4490308a13d61853ea4d1\" tg-width=\"769\" tg-height=\"431\"></p><p></p><p>2.</p><p>Monday (2 December) Asian market trading, the dollar index is currently located near 106.30, intraday surge of more than 50 points. Spot gold to maintain the intraday plunge trend, the gold price is currently located near $ 2625.</p><p>The U.S. dollar strengthened after U.S. President-elect Donald Trump told BRICS countries not to create a currency that competes with the greenback, Bloomberg said. The main reason for gold's plunge!   <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2502\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2502(GCmain)$</a>  <a data-mention-id=\"XAUUSD.FOREX\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a> </p><p></p><p><em>Follow me to learn more about analysis!!</em></p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today i want to share some macro analysis with you!</p><p></p><p>1.</p><p>Technical: The price of gold started today's trading after showing a clear downtrend, the price of gold has fallen below the main bullish trend line, is expected to fall in the next few trading sessions, the first target is to test 2600, it should be noted that if the price of gold falls below this level, gold will continue the downward trend to the next target of 2560, the lower target is located in the 2513.15. </p><p>Therefore, as long as the price of gold can not overcome the 2658 Therefore, as long as the price of gold fails to overcome $2,658, it is still predicted that gold will have a bearish bias today. Once this level is breached, it will stop the current downward pressure and lead to a return to a major bullish trend.</p><p>Gold is expected to trade between support at 2605 and resistance at 2640 today.                                                                                                                   </p><p>Trade to keep sell orders trading!                                                                                                                 </p><p>Strategy: Sell: 2632-2635 TP:2620-2615 SL:2641 (set according to personal habits) </p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8b3fb2d1b5d4490308a13d61853ea4d1\" tg-width=\"769\" tg-height=\"431\"></p><p></p><p>2.</p><p>Monday (2 December) Asian market trading, the dollar index is currently located near 106.30, intraday surge of more than 50 points. Spot gold to maintain the intraday plunge trend, the gold price is currently located near $ 2625.</p><p>The U.S. dollar strengthened after U.S. President-elect Donald Trump told BRICS countries not to create a currency that competes with the greenback, Bloomberg said. The main reason for gold's plunge!   <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2502\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2502(GCmain)$</a>  <a data-mention-id=\"XAUUSD.FOREX\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a> </p><p></p><p><em>Follow me to learn more about analysis!!</em></p></body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! 1. Technical: The price of gold started today's trading after showing a clear downtrend, the price of gold has fallen below the main bullish trend line, is expected to fall in the next few trading sessions, the first target is to test 2600, it should be noted that if the price of gold falls below this level, gold will continue the downward trend to the next target of 2560, the lower target is located in the 2513.15. Therefore, as long as the price of gold can not overcome the 2658 Therefore, as long as the price of gold fails to overcome $2,658, it is still predicted that gold will have a bearish bias today. Once this level is breached, it will stop the current downward pressure and lead to a return to a major bullish trend. Gold is expected to trade between support at 2605 and resistance at 2640 today. Trade to keep sell orders trading! Strategy: Sell: 2632-2635 TP:2620-2615 SL:2641 (set according to personal habits) 2. Monday (2 December) Asian market trading, the dollar index is currently located near 106.30, intraday surge of more than 50 points. Spot gold to maintain the intraday plunge trend, the gold price is currently located near $ 2625. The U.S. dollar strengthened after U.S. President-elect Donald Trump told BRICS countries not to create a currency that competes with the greenback, Bloomberg said. The main reason for gold's plunge! $Gold - main 2502(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Follow me to learn more about analysis!!","highlighted":1,"essential":1,"paper":2,"likeSize":31,"commentSize":0,"repostSize":3,"favoriteSize":0,"link":"https://ttm.financial/post/377279459323952","repostId":0,"isVote":1,"tweetType":1,"viewCount":397,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["XAUUSD.FOREX","GCmain"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1266,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/377279459323952"}