WHERE IS GOLD GOING??GOLD has seen a sharp downfall after testing the highs of 2801 on October 30th since the interest rate cuts by the Fed were widely expected, finally came true which added selling spree on gold. Secondly ,Donald Trump victory in the 2024 Us president election has added more fuel to the free fall of gold.
On the daily chart ,gold shows a significant resistance around 2746 , we could see it test this resistance and continue going down, otherwise if support of 2656 gets broken it will go down more to 2525 and lower.