SMM News: Wednesday (December 9) Asian market, gold futures maintained a downward trend, is now trading near US $1864 / oz. (Kshitij Consultancy Service), the Kshitij consulting service team, wrote the latest article on Wednesday to make a forward-looking analysis of the future trend of gold and silver futures.
In terms of gold, the Kshitij consulting service team said gold futures once tested $1875.90 / oz, close to short-term resistance of $1880 / oz, followed by a pullback. Gold futures may test $1840 an ounce as long as they fail to break through $1880 an ounce. In the medium term, however, futures are expected to rebound to $1900 to $1920 an ounce. Overall, the medium-term outlook for gold futures remains bullish.
(gold futures daily chart source: FX168)
In terms of silver, the Kshitij consulting service team said that the short-term trend resistance of silver futures is around $25.00-$25.50 / oz, as long as this resistance area cannot be overcome, then the possibility of silver falling to $24 / oz or lower cannot be ruled out.
