Bullishness in gold is highly expected for several reasons:
1. It is the month of December, which has lower volume, making it susceptible to manipulation by institutions.
2. Fundamentals favoring XAUUSD, such as CPI and cuts in interest rates by the Fed, contribute to the expected bullishness.
3. The market has already reached a new high at 2148 and experienced a retracement to 1973.
Gold is expectedto come down to the 2000-2010 region, and from there, bullishness might continue. It needs a healthy retracement for a rally. Additionally, the 1889-1900 region also needs to be filled, which can be seen in the next year. If institutions have other plans, they will let us know soon!
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1. It is the month of December, which has lower volume, making it susceptible to manipulation by institutions.
2. Fundamentals favoring XAUUSD, such as CPI and cuts in interest rates by the Fed, contribute to the expected bullishness.
3. The market has already reached a new high at 2148 and experienced a retracement to 1973.
Gold is expectedto come down to the 2000-2010 region, and from there, bullishness might continue. It needs a healthy retracement for a rally. Additionally, the 1889-1900 region also needs to be filled, which can be seen in the next year. If institutions have other plans, they will let us know soon!
Stay updated!