empty
 
 
24.12.2024 04:01 PM
Trading Signals for GOLD (XAU/USD) for December 24-26, 2024: sell below $2,620 (21 SMA - 3/8 Murray)

This image is no longer relevant

Early in the American session, Gold (XAU/USD) was trading around 2,612, below 3/8 of Murray, and below 200 EMA with very low volatility as markets are closed this week for the holidays.

Gold could continue its fall if it consolidates below 3/8 Murray at 2,617 and could reach 2/8 Murray at 2,570 and even return towards 1/8 Murray at 2,539.

On the H4 chart, we see a bearish trend channel. Therefore, as long as XAU/USD trades within this channel, the outlook could remain negative and the metal could reach the psychological level of 2,500 in the short term.

On the other hand, a break and consolidation above 2,620 in the next few days could push the price up to 2,646 and even towards 4/8 Murray at 2,656.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback