Gold May Resume the Bullish Trend by Year-End
Gold May Resume the Bullish Trend by Year-End
Since October 30, Gold has been in a bearish movement, but we are currently within a large corrective phase. The price reached a new low at 2537, but couldn't decline further.
Another low was established near 2582, indicating that the price is not ready to move down significantly yet.
Given the current development of Gold, it is possible that Gold may rise for another C wave up. Historically, Gold has experienced growth at the end of December and into January in previous years, which adds value to the bullish outlook.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Since October 30, Gold has been in a bearish movement, but we are currently within a large corrective phase. The price reached a new low at 2537, but couldn't decline further.
Another low was established near 2582, indicating that the price is not ready to move down significantly yet.
Given the current development of Gold, it is possible that Gold may rise for another C wave up. Historically, Gold has experienced growth at the end of December and into January in previous years, which adds value to the bullish outlook.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.