ការវិភាគបែបបច្ចេកទេស

Gold declined very aggressively yesterday, while liquidity was low above 1413.00 and 1425.00. Keep in
mind that we are approaching the end of this year, an expected price behavior during this period. The bearish harmonic formation suggests more bearishness targeting 61.8% of CD leg, where we might witness gold around the extended targets without ignoring the possibility of showing fluctuation due to oversold sign of Stochastic.

The trading range for today is among the key support at 1330.00 and key resistance now at 1445.00 .

The general trend over the short term basis is to the downside, targeting $ 1208.00 per ounce as far as areas of 1485.00 remain intact.
Support 1388.00 1380.00 1372.00 1365.00 1350.00
Resistance 1395.00 1402.00 1406.00 1413.00 1425.00
Recommendation Based on the charts and explanations above our opinion is, selling gold around 1402.00 targeting 1330.00 and stop loss with a four hour closing above 1432.00 might be appropriate.