Gold Spot / U.S. Dollar
Long

XAUUSD 30M TRIANGE BREAKOUT PROJECTION 12.09.24

229
Reason for Bullish In Gold

Any change in its demand anywhere in the world, either for jewellery or as an industrial input, affects the price of gold. The increase in the price of gold is directly proportional to the demand for gold and consumer goods. A crucial factor determining this demand-supply, is the production of gold.

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