M_30 scenario

٨ ديسمبر ٢٠٢٤

Short-Term Technical Analysis:

Gold is consolidating near $2,645_48, and the short-term momentum will likely depend on breaking key levels of resistance and support.


Resistance: Around $2,660-$2,670, which could be tested if bullish momentum persists.
Support: $2,620, which may act as a cushion if prices decline​
​

Market Sentiment:

Strength in the US Dollar and elevated Treasury yields are capping gold's upward movement. However, geopolitical tensions provide support, maintaining gold's safe-haven appeal.
Today, a balance between these opposing forces could result in range-bound trading with a slight bullish bias​
​
Prediction for Today:

Gold is likely to trade between $2,620 and $2,660 for the day. If the price breaks above $2,660, it could climb to $2,670. Conversely, failure to hold above $2,640 could see it retest $2,620.
Disclaimer: This forecast is not financial advice. Always consult a financial professional before making trading decisions.

١٠ ديسمبر ٢٠٢٤

تم فتح الصفقة

The zones are act perfectly