Gold trading strategy, rising again
Updated
Gold futures price delivered in December 2023 on the Comex New York floor decreased by 15.1 USD, equivalent to a decrease of 0.76% to 1,973.5 USD/ounce.
Gold experienced an impressive October and a historic month for this market, closing at a record high with an increase of nearly 7%. However, according to analysts at the World Gold Council, this precious metal needs more motivation to create a sustainable push in the market.
In our view, a sustained rise in gold prices will require continued political risks or the currency, bond yields and the US dollar peak or equity markets end their consolidation. risk of economic recession revived.
Gold experienced an impressive October and a historic month for this market, closing at a record high with an increase of nearly 7%. However, according to analysts at the World Gold Council, this precious metal needs more motivation to create a sustainable push in the market.
In our view, a sustained rise in gold prices will require continued political risks or the currency, bond yields and the US dollar peak or equity markets end their consolidation. risk of economic recession revived.
Note
XAUUSD BUY 1966- 1968✔️TP1 : 1976
✔️TP2 : 1982
❌SL: 1960
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