GOLD near future 1970$ opportunity for Bears.
1-H1 current price below EMAS 20,50,100,200 which indicates bearish momentum.
2- Fundamentally price will be bearish due to coming days FED rates announcements.
Between December 11 and December 15, I anticipate a busy week, especially in terms of market dynamics. On Friday, there was a significant increase in the value of the dollar, causing gold prices to drop from the specified range. The market's underlying factors are still in play, and they will likely continue to impact prices over the medium term. It's important to keep an eye on the dollar's performance. When looking at the weekly chart, we observe the formation of a pinbar and a bullish candlestick, which are stronger signals indicating potential further strengthening. Consequently, both gold and the forex market may respond accordingly.
2- Fundamentally price will be bearish due to coming days FED rates announcements.
Between December 11 and December 15, I anticipate a busy week, especially in terms of market dynamics. On Friday, there was a significant increase in the value of the dollar, causing gold prices to drop from the specified range. The market's underlying factors are still in play, and they will likely continue to impact prices over the medium term. It's important to keep an eye on the dollar's performance. When looking at the weekly chart, we observe the formation of a pinbar and a bullish candlestick, which are stronger signals indicating potential further strengthening. Consequently, both gold and the forex market may respond accordingly.
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.