[stock_market_widget type="clock-markets" template="analog" timezone="America/New_York" title="New York" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/London" title="London" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Europe/Brussels" title="Brussels" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Hong_Kong" title="Hong Kong" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Asia/Tokyo" title="Tokyo" style="font-size: 7px; width: 100px;"] [stock_market_widget type="clock-markets" template="analog" timezone="Australia/Sydney" title="Sydney" style="font-size: 7px; width: 100px;"]

Gold Rebound Loses Momentum: Is It Ready to Resume Lower?

12/17/2024

Less than a minute

2024.12.17 14:11

The rebound that started in November has lost its upside momentum and is now testing again the ascending T/L support at $2645. A break below this T/L opens the downside again for another leg lower that can take us as deep as $2473.

Key resistance is now at $2720. The fate of the will clearly affect the metal but don’t forget that geopolitical developments can also have a big influence since gold is one of the best safe heavens. XAU/USD-Daily Chart