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Gold is experiencing a massive sell-off, today's market analysis
Gold fluctuates in a wide range. The hourly chart forms a converging triangle. Pay attention to the range of 2603-2630 to buy low and sell high. The market will be closed early today on Christmas Eve and will be closed all day tomorrow.
Gold bulls are powerless, and the main market is still under the control of bears. The gold 1-hour chart hit 2633 twice and was blocked. Then the short-term gold has formed a double top. Gold may fall further. The gold moving average resistance now moves down to around 2632!
First support: 2608, second support: 2600, third support: 2588
First resistance: 2620, second resistance: 2632, third resistance: 2646
Trading strategy:
BUY: 2603-2601
SELL: 2628-2630
Gold bulls are powerless, and the main market is still under the control of bears. The gold 1-hour chart hit 2633 twice and was blocked. Then the short-term gold has formed a double top. Gold may fall further. The gold moving average resistance now moves down to around 2632!
First support: 2608, second support: 2600, third support: 2588
First resistance: 2620, second resistance: 2632, third resistance: 2646
Trading strategy:
BUY: 2603-2601
SELL: 2628-2630
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🥇There are free analysis and signals every day
🥇Provide accurate gold signals and account management, 2000 pips profit every month
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