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Gold Wave Analysis 18 December 2024
- Gold under bearish pressure
- Likely to fall to support level 2555.00
Gold under the bearish pressure after the earlier breakout of the key support level 2617,00 (which is the lower border of the sideways price range inside which the price has been trading from November).
The breakout of the support level 2617,00 stopped the earlier impulse wave 3 of the higher order impulse wave (5) from last month.
Gold can be expected to fall further to the next support level 2555.00 (which stopped the earlier medium-term correction (4) in November).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.