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Gold prices rebounded above the resistance level of 2,040 USD/oz during the US session yesterday. Geopolitical tensions have become the main driver of gold price increases this week following developments in the Middle East. The Red Sea has become a breeding ground for instability, and it seems likely that this will continue to escalate. Therefore, if the protracted war in the Middle East is not resolved soon, the bullish price momentum of gold will still maintain. The weakness of the US dollar has also helped gold prices rise. Fed policymakers took a dovish tone this week and most of the speeches focused on the number of rate cuts needed in 2024, with only a few objections coming from Fed official Barkin when he thought inflation was persistent. US government bond yields also continued to face difficulties today when both 2-year and 10-year terms declined, which also benefited gold prices.

Gold prices stopped rising after New York Fed President John Williams objected to Fed Chairman Powell's dovish stance. Gold's bullish momentum weakened on Friday after New York Fed President John Williams objected to Fed Chairman Powell's dovish stance at the FOMC meeting. In that context, gold had almost no fluctuations before entering the weekend when it was only trading around $2,035. Specifically, Williams said that it is still too early to think about cutting interest rates and this is not an issue worth discussing at this time, contradicting the head of the Fed. However, this contradiction may be a strategy of the Fed to prevent expectations of further easing of financial markets. Without this, US government bond yields and the USD will likely continue to decline sharply. Gold is re-accumulating in a narrow range before entering the weekend, after not being able to overcome the old resistance level at 2,043 USD/oz. The precious metal is back above all three SMAs and current support lies at the 20-day SMA at $2,016/oz, below which is old resistance at $2,009/oz. A clear break above 2,043 USD/oz would cause gold prices to continue rising with the next target being 2,070 USD/oz.

Congratulations on your good profits yesterday following my Buy signal. Gold yesterday had strong fluctuations after the FOMC announced news about the time it would reduce interest rates, and the world gold fund continued to buy over 2 tons of gold. That has had a strong impact on the gold market and currently Gold is looking back to previous peaks. If gold today continues to break the $2050 barrier, gold will reach the nearest peak of $2065. Currently gold is near the $2031 support level. You can follow and follow the signal below......Comment: 🔝 XAUUSD : Trading plan December 14, 2023 🪙 We have 2 levels to have a good entry for the BUY signal : 💲 Entry 1 Buy Scalping : 2031 - 2033 💵TP1 : 2037 💵TP2 : 2043 🔴 SL : 2023 💲Entry 2 Buy Limit : 2025 - 2027 💵TP1 : 2031 💵TP2 : 2035 🔴 SL : 2020 🪙 We have 2 levels to have a good entry for the SELL signal : 💲Entry 1 Sell (Scalping) : 2039 - 2041 💵TP1 : 2035 💵TP2 : 2030 🔴 SL : 2050 💲Entry 2 Sell Limit : 2047 - 2049 💵TP1 : 2043 💵TP2 : 2039 🔴 SL : 2055 ⚡️⚡️⚡️Note: For transactions, please leave full TP and SL to ensure safety and bring profit from the market. ‼️ 🔔 Admin : @Eva_trade811

XAUUSD: XAUUSD trading trend There is no news regarding the US dollar today, but according to technical analysis, the gold market will go sideways in 2009 to 1993 after the gold price fell in 1993, possibly increasing in 2020, due to the The war between Israel and Plestina is becoming increasingly tense. What's worse is that 2,000 American rapid response troops are arriving in Israel, which will prolong the war.

GOLD: Technical analysis of gold trends There is no news regarding the US dollar today, but according to technical analysis, the gold market will go sideways in 2009 to 1993 after the gold price fell in 1993, possibly increasing in 2020, due to the The war between Israel and Plestina is becoming increasingly tense. What's worse is that 2,000 American rapid response troops are arriving in Israel, which will prolong the war.