GOLD: Downward Trend Will Not Stop!

2024-12-31

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

$Gold - main 2502(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ TECHNICAL: Gold prices continue to fall to test the 2600 handle, hitting a low near 2595.6 yesterday! to confirm a move towards the next major target of 2555.

As a result, we will continue to suggest the next phase of the bearish trend supported by the negative pressure formed by the EMA50, noting that a break above 2640 will stop the bearish wave and push the gold price to realise new gains starting from the $2700 area.

Expect today's trading range to be between the 2585 support level and the $2620 resistance level.

Trend Forecast: Bearish (trade to keep sell orders trading)!

Strategy: Sell: 2610-2614 TP:2695-2692 SL:2621

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Today i want to share some macro analysis with you!1. <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> TECHNICAL: Gold prices continue to fall to test the 2600 handle, hitting a low near 2595.6 yesterday! to confirm a move towards the next major target of 2555.As a result, we will continue to suggest the next phase of the bearish trend supported by the negative pressure formed by the EMA50, noting that a break above 2640 will stop the bearish wave and push the gold price to realise new gains starting from the $2700 area.Expect today's trading range to be between the 2585 support level and the $2620 resistance level.Trend Forecast: Bearish (trade to keep sell orders trading)! Strategy: Sell: 2610-2614 TP:2695-2692 SL:2621 <img src=\"https://community-static.tradeup.com/news/be88e78d6f4e6ccc07c42f7db0092e21\" tg-width=\"778\" tg-height=\"454\">Follow me to learn more about analysis!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you!1. <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2502\" href=\"https://ttm.financial/FUT/GCmain\">$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> TECHNICAL: Gold prices continue to fall to test the 2600 handle, hitting a low near 2595.6 yesterday! to confirm a move towards the next major target of 2555.As a result, we will continue to suggest the next phase of the bearish trend supported by the negative pressure formed by the EMA50, noting that a break above 2640 will stop the bearish wave and push the gold price to realise new gains starting from the $2700 area.Expect today's trading range to be between the 2585 support level and the $2620 resistance level.Trend Forecast: Bearish (trade to keep sell orders trading)! Strategy: Sell: 2610-2614 TP:2695-2692 SL:2621 <img src=\"https://community-static.tradeup.com/news/be88e78d6f4e6ccc07c42f7db0092e21\" tg-width=\"778\" tg-height=\"454\">Follow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! 1. $Gold - main 2502(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ TECHNICAL: Gold prices continue to fall to test the 2600 handle, hitting a low near 2595.6 yesterday! to confirm a move towards the next major target of 2555. As a result, we will continue to suggest the next phase of the bearish trend supported by the negative pressure formed by the EMA50, noting that a break above 2640 will stop the bearish wave and push the gold price to realise new gains starting from the $2700 area. Expect today's trading range to be between the 2585 support level and the $2620 resistance level. Trend Forecast: Bearish (trade to keep sell orders trading)! 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