Gold Trends Forecast December 11🤑Gold Trends Forecast December 11
✔️ Gold continued its impressive upward momentum during yesterday’s session. This was fueled by investor optimism as China expanded its economic stimulus packages, while geopolitical risks in Syria remain despite opposition forces gaining control over some areas. Notably, there has been no news or economic data strong enough to weaken Gold's upward trend.
✔️ In my view, unless unexpected factors arise—such as controversial remarks from Trump or economic data that shakes the market—Gold is likely to continue its climb. Lower interest rates have made the opportunity cost of holding Gold more attractive, which is the primary reason for its rebound from the 2,5xx and 2,6xx levels. A deep downward reversal should only be considered if the Fed signals a return to interest rate hikes.
✔️ For tonight’s session, the CPI data will be the decisive factor. If inflation figures are favorable, Gold could break above 2,75x or experience a deep correction of 50–70 points. However, I lean toward the scenario of only a slight correction before continuing its rise, thanks to the current bullish sentiment.
My personal strategy is to wait for a minor dip and then re-enter with these targets:
Short-term: 2,700–2,705
Longer-term: 2,710–2,715
In the European session, if Gold holds the 2,6xx range or near 2,69x, a Buy strategy remains viable. Conversely, if prices fall below 2,68x and close below this level, I will reconsider the strategy. From mid-European sessions onward, if prices fail to break the 2,7xx range, I will exit Buy positions and switch to Sell, aiming for 5–10 points.
🟢 BUY 2688.x Sl 2683 Scalp
🟢 BUY 2676 - 2674 SL 2671
🔴 SELL 2620 - 2622 SL 2625 - D1 plan
