Gold Market Analysis 12/09

Dec 9

During the U.S. trading session today, gold surged again but faced strong selling pressure in the 2673-2678 range, causing the price to drop. It is now at the first support level, and we expect a short-term bottom to form in the 2658-2648 range. This support zone presents a buying opportunity, with a rebound target near 2666-2673.

Dec 10

Trade active

Gold has reached the first target of 2666

Dec 10

Trade closed: target reached

The price has come above 2670. This order has a good profit. You can close the remaining orders or part of the orders according to your own situation.