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Be alert for a sudden Gold market surge! Major data from the USA is arriving FXStreet Senior Analyst Gold Trade Analysis.
#Gold Technical Analysis# 24K99 News On Monday (December 23) during the European market early session, spot gold maintained an upward rebound, currently, the gold price is around 2630 USD per ounce.
Gold prices rose nearly 10 dollars in the Asian market! What will happen next? FXStreet Analyst's latest technical analysis of gold prices.
In the Asian market on Monday's afternoon, spot Gold continued its rebound trend, with the current gold price around $2632 per ounce, having strong gains of nearly $10 during the day. FXStreet Analyst Haresh Menghani stated that the dollar remains under pressure below the two-year high reached last Friday, which is a key factor driving up Gold.
Weekly outlook: The market may be "fraught with crises" during the Christmas period, and bullish sentiment for Gold may still need to cool down!
The Federal Reserve's "shock" to the market, does the bullish sentiment for Gold still need to cool down? The dominance of the dollar is likely to remain unshaken, beware of liquidity shortages amplifying market volatility! Is the recent slump in US stocks a "reverse pick-up"?
Gold Edges Up, Trimming Some Recent Losses With US PCE Inflation on Focus
Will tonight's PCE bring Bullish news? The bearish trigger for Gold may be ignited!
After the Fed took a hawkish stance, the market fell into chaos. Will tonight's PCE data bring a glimmer of hope for the bulls?
A major market trend is about to unfold! Be aware of the USA PCE inflation Indicators that could cause Gold prices to "change the game". Latest Trade analysis on Euro, British Pound, Japanese Yen, and Gold.
On Friday morning in the European market, the USD maintained a mild downward trend during the day, currently around 108.25; spot Gold maintained a strong rebound trend, with the current gold price at 2604 USD/ounce. Analysts pointed out that if the USA PCE inflation data, especially the core Indicators, exceeds expectations, the USD may strengthen, thereby impacting major non-USD currencies and causing the gold price to decline again.