Gold traded in a narrow range around the key 4,200 mark throughout the day, with fierce tug-of-war between bulls and bears. Market attention remained highly focused on the outcome of the Federal Reserve’s December FOMC meeting.
Resistance Levels
Primary Resistance Zone: 4,220 – 4,225. Constrained by the pressure of the 5-day moving average, price rebounds to this zone are prone to selling pressure.
Strong Resistance Zone: 4,240 – 4,245
This is a level where multiple upward attempts were rejected in previous sessions, with heavy selling interest making a short-term breakout extremely challenging.
Support Levels
Intraday Critical Support: 4,200, As a key psychological round-number level, it acts as the primary intraday support.
Additional Strong Support Zones: 4,170 and the 4,155–4,160 range
The latter represents a confluence support area of the daily pivot midline and the 30-day moving average, which is expected to serve as a crucial floor in the event of a pullback.
Trading Strategy:
Buy 4200 - 4205
SL 4185
TP 4220 - 4225 - 4230
Sell 4220 - 4225
SL 4235
TP 4200 - 4195 - 4190
Resistance Levels
Primary Resistance Zone: 4,220 – 4,225. Constrained by the pressure of the 5-day moving average, price rebounds to this zone are prone to selling pressure.
Strong Resistance Zone: 4,240 – 4,245
This is a level where multiple upward attempts were rejected in previous sessions, with heavy selling interest making a short-term breakout extremely challenging.
Support Levels
Intraday Critical Support: 4,200, As a key psychological round-number level, it acts as the primary intraday support.
Additional Strong Support Zones: 4,170 and the 4,155–4,160 range
The latter represents a confluence support area of the daily pivot midline and the 30-day moving average, which is expected to serve as a crucial floor in the event of a pullback.
Trading Strategy:
Buy 4200 - 4205
SL 4185
TP 4220 - 4225 - 4230
Sell 4220 - 4225
SL 4235
TP 4200 - 4195 - 4190
İlgili yayınlar
Feragatname
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.