SPDR Gold Trust Gold Fund bought 2.59 tons of gold yesterday, December 11

Important resistance: 2733 – 2740 – 2750
Important support level: 2680 – 2675 – 2700

XAUUSD XAUUSD trading strategy
around price area:

BUY XAUUSD around 2700-2701
Stoploss: 2695
Take Profit 1 : 2710
Take Profit 2: 2720
Take Profit 3: 2730

“If there is a break through the 2728 area during the day, we should watch to sell around the 2749-2750 area in a long-term channel.”

SELL XAUUSD around 2749-2750
Stoploss: 2756
Take Profit 1 : 2745
Take Profit 2: 2740
Take Profit 3: 2733

Note: Always install Stoploss in all cases to be safe!

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