XAUUSD/ The price will likely hit 2640 before declining
Updated
Gold gained on Thursday in light holiday trading, boosted by slight weakness in U.S. dollar and geopolitical tensions, as investors eyed Federal Reserve’s 2025 rate strategy and Trump’s tariff policies, which could shape the metal’s trajectory next year.
Generally, the direction is uptrend
Uptrend Side: the price will rise to touch the defense that the price decided on the direction a week ago to be a bearish trend. We expect the price will trend up when the price breaks above 2640, especially if it can reach and cross 2664.
Downtrend Side: If trading continues below 2640, the bearish trend is expected to remain active, targeting levels of 2606 and 2566.
Tendency Keys: 2640
Generally, the direction is uptrend
Uptrend Side: the price will rise to touch the defense that the price decided on the direction a week ago to be a bearish trend. We expect the price will trend up when the price breaks above 2640, especially if it can reach and cross 2664.
Downtrend Side: If trading continues below 2640, the bearish trend is expected to remain active, targeting levels of 2606 and 2566.
Tendency Keys: 2640
Trade active
As previously mentioned, the price rose to touch the resistance level before declining. We now need to wait for further declines, with the price expected to reach the levels of 2,614 and 2,606.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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