The price of Gold is forming a huge "cup and handle" bullish pattern! Analyst: Gold will reach 3000 dollars next year, with a short-term correction in the first quarter becoming a buying opportunity.

Analysts indicate that Gold has formed a significant cup and handle pattern on the monthly chart, forecasting that gold prices will rise to 3,000 USD next year, and the short-term adjustment in the first quarter may provide a strategic Buy opportunity.

FX16809:34

GOLD FUTURES LIKELY TO TRADE HIGHER NEXT WEEK

BernamaDec 14 09:06

After the sharp drop in Gold prices, important Resistance levels are maintained! Bulls are targeting this goal. Analysis of Gold Trade by well-known Institutions.

On Friday, during the late trading hours in Asia, spot Gold maintained an intraday rebound trend, with the current gold price around 2687 dollars per ounce. According to Economies.com, despite the decrease in gold prices yesterday, it held above the main Resistance. Additionally, there are other technical factors that are Bullish for Gold, with the bullish target aiming at 2745.00 dollars per ounce.

FX168Dec 13 13:39

Gold Price Trades With Positive Bias; Remains Below $2,700 on Fed Rate Cut Expectations

FXStreetDec 13 12:20

Gold Price Forecast: XAU/USD Attracts Some Buyers to Near $2,700, Traders Brace for Fed Rate Decision

FXStreetDec 13 09:37

Shocking market conditions! The reason for the gold price's astonishing drop of nearly 38 dollars is here. How to trade Gold?

On Thursday, spot Gold closed down nearly $38. Analysts pointed out that this can be partly attributed to investors taking profits after Gold prices hit a five-week high earlier in the day, closing positions ahead of next week's Federal Reserve meeting. Additionally, rising U.S. Treasury yields also pressured Gold prices. Daniel Ghali, a CSI Commodity Equity Index strategist at TD Securities, stated that although the market anticipates a rate cut by the Federal Reserve next week, some investors Hold Positions are too high, so adjustments may be made before the meeting to respond to potential market changes.

FX168Dec 13 08:54