RSS Gold Poised to Face Challenging Times. Forecast as of 10.12.2024

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 RSS Gold Poised to Face Challenging Times. Forecast as of 10.12.2024

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Despite the sell-offs in November, XAUUSD bulls remain optimistic, still hoping to see the gold price at $3,000 per ounce. However, they acknowledge that the near future may present challenges for the precious metal. Let's discuss this topic and make a trading plan. Major Takeaways Gold managed to recover thanks to geopolitical factors and central banks. A Fed rate cut, de-dollarization, and uncertainty will support the XAUUSD. A strong dollar puts pressure on the precious metal. Gold may perform a pullback if it falls below $2,645 per ounce. Weekly Fundamental Forecast for Gold As the price of gold slightly increased,... Read full author’s opinion and review in blog of #LiteFinance
 
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