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Gold price confirmation major breaks down!Gold's latest day trading analysis: The price of gold may fall more than $ 20



  

24K99 News On Monday (December 11) at the end of the Asian city,实时新闻 the spot gold maintained a downward trend in the day. The price of gold is currently traded near $ 1998/ounce.Well -known financial information website economies.com latest article on Monday, analyzing the prospects of gold technology in the day.

  

According to eConomies.com, the price of gold has fallen below an important support, which opened the space for the gold price further.

  

Focusing on the strengthening of the US dollar, the spot gold closed down 1.19%on Friday and closed at $ 2004.41/ounce.

  

Economies.com wrote in the article that from the 4 -hour map, the gold price was closed below the support of the bullish channel on a trading day, thereby confirming that it fell below this level.The price of gold began to look at the air conditioning trend that began to rise in the US $ 1810.33/ounce area. It is expected to test the next adjustment target 1977.46 US dollars/ounce.If the price of gold falls below this level, this will push the gold price to the next empty target of $ 1938.00/ounce.

  

    

  

(Source of spot gold 4 -hour map: economies.com)

  

Economies.com said that we expect gold prices to fall further in the next few trading days.The 50 -cycle index moves the average line (EMA) to form a short pressure.It should be pointed out that if the price of gold exceeds 2016.90/ounce and $ 2027.50/ounce, this will stop looking at the empty scene and lead to the return of gold prices.

  

Economies.com predicts that today's gold price trading will be between $ 1977.00/ounce and resistance among the US $ 2015.00/ounce.

  

Economies.com said that the expected trend of gold prices today is empty.