The US Federal Reserve, Jerome Powell, may surprise all markets, the most important of which are the gold markets, the Dow Jones, and the Nasdaq, by not reducing interest rates or stopping the monetary tightening cycle, and he may stabilize interest rates for the month of December, and from here the markets shift to their positions before the hints of reducing interest rates.
It is expected that gold will rebound technically from the levels of $2070 per ounce and close below the levels of $2030 per ounce, and from here begins a corrective downward journey for gold before an explicit breach from the historical level of $2075.
Therefore, we must focus on the candle of the next two days or the candle of the week to become negative and close it below $2030 to go to the levels of 1978 and 1968 dollars per ounce.
It is best to buy gold in February 2024
I wish you success in these coming weeks.
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