GOLD: The gold price I expect today, December 21
Updated
This is what we said before, once a trend has formed it cannot end anytime soon. The market no longer believes in the Fed's management of expectations anymore. Next year, the Federal Open Market Committee will have new members and then moderate officials will prevail. More data and time are needed to verify the resilience of inflation and the economy before changing policy. This Friday's core PEC and Q3 GDP data are crucial. The volatility pattern of gold prices will not change before.
Regarding trading, gold price yesterday fell to a low of 2021 USD, followed by upward fluctuations. The US market reached a recent high of $2047, surpassing the top of our range. Our short selling strategy failed, causing a small loss before we exited the market. Gold trading was very strong yesterday and the short-term market was completely dominated by sentiment. Don't be too stubborn and have a clear mind.
Regarding trading, gold price yesterday fell to a low of 2021 USD, followed by upward fluctuations. The US market reached a recent high of $2047, surpassing the top of our range. Our short selling strategy failed, causing a small loss before we exited the market. Gold trading was very strong yesterday and the short-term market was completely dominated by sentiment. Don't be too stubborn and have a clear mind.
Note
SELL XAUUSD 2038 - 2040TP1: 2030
TP2: 2028
SL: 2047
Note
SELL XAUUSD 2038 - 2040TP1: 2030
TP2: 2028
SL: 2047
Runing + 30pips
Note
SELL XAUUSD 2038 - 2040TP1: 2030
TP2: 2028
SL: 2047
Runing + 40pips
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