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Analysis of today's market
Abstract：Gold concluded its final trading day of the year on a quiet Tuesday, rebounding swiftly from a low of 2,600earlier in the week toclose at 2,625.00 per ounce. For much of the holiday season, the market
Gold concluded its final trading day of the year on a quiet Tuesday, rebounding swiftly from a low of 2,600earlier in the week toclose at 2,625.00 per ounce. For much of the holiday season, the market has traded within a narrow range due to a lack of traders. Gold awaits further fundamental drivers to initiate the next phase of market activity in any direction.
Gold opened at 2624 and, as of press time, has risen to a high of 2630 and fallen to a low near 2621. Keep an eye on the resistance levels at 2620-2630-2640. If these are not breached, the market may test the support levels at 2590-2580-2570.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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