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About XAUUSD. Gold
Dec 04, 2024 at 04:48
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4 Replies
forex_trader_3771591
Member Since Jul 10, 2024
112 posts
Dec 04, 2024 at 06:09
Huss46 posted:
Can anybody guess what will be the next move of XAUUSD. Gold
Gold may maintain consolidation near the current levels. The key factors will be the speeches of the Fed representatives, employment data and general geopolitical situation.
Technically, a slide downwards is not enough to continue the growth. Again, the geopolitical background will now determine the movement and it is impossible to say for sure
forex_trader_3771591
Member Since Jul 10, 2024
112 posts
Dec 04, 2024 at 07:59
The short-term outlook is moderately positive. Fundamentally, the asset is supported by expectations of easing monetary policy of the Federal Reserve and geopolitical uncertainty. The key factor will be employment data and Powell's speech. The spring is getting compressed. After the exit from 2630-2652 a move up to 2666 if the upper boundary is broken and to 2620 if the lower boundary is broken is likely.
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