A familiar range-bound pattern is emerging on the daily gold chart, potentially presenting traders with an opportunity for range trading over the upcoming weeks.
Source
Gold Respecting a Recent Trading Range but Support Needs to Hold Firm
access_timeDecember 21, 2024
Latest:
- Market Recap: U.S. stock indices rise today, but close with weekly losses
- Fed vice chair for supervision is worried that Trump will try to remove him – report
- USDCHF reaches its 200 hour MA and swing area target
- EURUSD testing the 100 hour MA and near a key swing area
- GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
- Fed’s Goolsby: Nice to get inflation number that better than expected
- The USDCHF has fallen below the 100H MA, trendline support and swing area support @ 0.8956
- Fed’s Hammack: Rate cut was a ‘close call’ and she favored holding policy steady
- Fed’s Williams: Inflation data since Sept has been ‘a touch higher’
- Lots of balls in the air with the US government getting in the act today.
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