Gold Trend Forecast for Next Week (December 2 - December 6)🕯 Gold Trend Forecast for Next Week (December 2 - December 6)
🔽Last week, gold fell $115 from its peak due to geopolitical and economic reasons, the PCE index increased and the Dollar Index increased sharply, causing the gold market to be distributed by PTCB.
However, the increasing instability in Russia, Ukraine and the continuous violation of the agreement of ISRAEL LEBANON ... still support the Gold Tiger to increase quite positively for next week.
Jobs The closing price of the week's gold price is still above 2650, showing a very large increase in the prospect of gold next week! But before increasing again, gold can still retest the 2645 area, even 2633, to gain momentum for the upcoming increase.
In particular, next week, there will be a lot of US economic news such as:
PMI index for manufacturing and services; employment numbers: ADP, NFP, unemployment rate… Currently, most of the US news is predicted to be better than the previous period! If as expected, this news will have an impact on weakening the USD and be a support for gold!
🥰Trading plan:
🔼 Buy Gold: 2636x – 2634x
SL: 2630
Tp: 2644 - 2653 – 2688 – 2720
🔽 Sell Gold: 2686x – 2688x
SL: 2691
TP: 2678- 2665
🔽 Sell Gold: 2718x – 2720x
SL: 2724
TP: 2705- 2690
🫶Note: Set SL tightly for each order, the financial market is full of risks, if you do not set SL, do not place an order.
🫶Wishing everyone a happy and joyful Sunday 🫶
