Gold Trading Strategy Today 14.12.2024 | Metals Mine

  • Gold Trading Strategy Today 14.12.2024

    From youtube.com/getknowtrading

    Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.
Comment Options
Trader#48AF
Dec 15, 2024 1:05am
Permalink
We have a major support just below 2500$ and also 38.2% Fibonacci level. Expect a great support to roll in once Gold drops below 2500$. If the support just below 2500$ doesn't hold, then the next seem to be 50% Fibonacci which is around 2300$.

It's expected that the 38.2% Fibonacci will hold, but we'll see once we get there, and I believe we will get there.

Look at the 2500$ like 2000$ was, a great support. Of course, a move towards 2300$ is possible just like we had a drop to 1800$ before Gold found it's support.
Reply
  • Story Stats