Gold price analysis December 23

ที่อัปเดต:
Fundamental Analysis
Gold prices held steady near $2,625 in early Asian trading on Monday. The Federal Reserve’s hawkish stance could weigh on the yellow metal. However, a weaker greenback following weaker inflation data could limit the yellow metal’s
downside. The Fed cut interest rates at its December meeting as expected but signaled it would slow the pace of further reductions in borrowing costs. The Fed’s dot plot, a chart that projects the future path of interest rates, shows a half-percentage-point cut in rates by 2025, compared to a full percentage-point cut expected in September. This, in turn, further boosts the US Dollar (USD) and weakens USD-denominated gold as higher real interest rates increase the opportunity cost of bullion.

Technical Analysis
Gold marked a second consecutive bullish rebound today. Although there were some adjustments at the beginning of the Asian session, as long as the correction does not exceed 2605, it is still a buying opportunity worth paying attention to. 2651-2665 are considered the two technical resistance zones of gold price today before it wants to uptrend again and find the peak around 2692. If 2605 is broken, 2657 will be the target of all subsequent downtrends.
การซื้อขายยังคงดำเนินอยู่
price reacted at 2632 as per chart analysis and dropped 100 pips. congrats to the members who followed my analysis
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Gold traded in the range as analyzed.
ForexFundamental AnalysisgoldideagoldpredictionTechnical IndicatorspriceactionanalysistradetradingtradingsignalsTrend AnalysisXAUUSDxauusdanalysis

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