GOLD: Continuously Rising or Down?
Hello everyone! Today i want to share some macro analysis with you!
1.
$Gold - main 2502(GCmain)$ Tuesday (December 17) Asian morning trading, spot gold narrow range shock, currently trading at 2652.01 U.S. dollars / ounce near.
Gold prices bottomed out on Monday, early in the session had fallen to a one-week low of 2643.41 U.S. dollars / ounce, closed near 2652.50 U.S. dollars / ounce, by the ongoing geopolitical concerns and the dollar weakened support, however, the market is waiting for the Federal Reserve's policy meeting, the wait-and-see mood is stronger, the overall trading is more cautious; is expected to be a third rate cut by the Federal Reserve, and to provide clues about the outlook for the year 2025.
The selling strategy given yesterday was in line with the expected trend![Miser][Miser][Miser]
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