XAU/USD is moving within a parallel channel in a 'bearish trend,' which formed as the price touched the channel borders three times since last week.
The price is currently testing the upper border of the channel and is preparing to rebound. We recommend opening a sell order as mentioned in the previous analysis.
XAU/USD has been under selling pressure for the last few hours. The support level is located at 2095, and the resistance is at 2620.
We suggest opening a sell order at 2617.
SL: 2620
TP1: 2610
TP2: 2605
As of December 23, 2024, gold prices are fluctuating between 2,617 and 2,640 per ounce. Recent market analyses present mixed signals regarding the short-term direction of gold. I'll share the the market move as soon as i get a good setup.
