Gold will come under further pressure if the US labor market remains strong, reducing the Fed's interest rate lowering cycle.
The gold market is concerned about some of President-elect Donald Trump's policies related to the strength of the USD in the upcoming term.
GDP growth at 3% and a lower trade deficit during Mr. Trump's term will not be affected by the imposition of tariffs and the weakening of the dollar. A weaker greenback will benefit gold.
Many analysts predict that gold's support price of 2,600 USD/ounce will still maintain and tend to increase from there. Gold price will reach 3,000 USD/ounce next year.
🔥
XAUUSD SELL 2647 2649🔥
💵 TP1: 2635
💵 TP2: 2625
💵 TP3: OPEN
🚫 SL: 2656
The gold market is concerned about some of President-elect Donald Trump's policies related to the strength of the USD in the upcoming term.
GDP growth at 3% and a lower trade deficit during Mr. Trump's term will not be affected by the imposition of tariffs and the weakening of the dollar. A weaker greenback will benefit gold.
Many analysts predict that gold's support price of 2,600 USD/ounce will still maintain and tend to increase from there. Gold price will reach 3,000 USD/ounce next year.
🔥
XAUUSD SELL 2647 2649🔥💵 TP1: 2635
💵 TP2: 2625
💵 TP3: OPEN
🚫 SL: 2656
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PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.