Gold Analysis – 05.Dec.2023
Gold Analysis: As you can see, according to our expectations, the price of gold started to fall from yesterday and until this moment, it has been able to fall by more than 500 pips to the range of $2020! There are 3 days and 10 hours left until the market closes, and on Friday we will have the NFP rate, which can cause a sudden drop in gold if the actual rate is announced higher than the predicted rate! Still, my view this week is bearish and the assumptions of the previous analysis are still valid!
(This Post on TradingView)
Author : Arman Shaban
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