TrendsFuture

GOLDEN MARKET COMMENTARY 12/7/2023

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Technically, Gold has risen to 40 and has broken through the important 1935 resistance area, and has also broken through the previous downtrend channel. Therefore, the next trend of gold will approach the 50-66 zone. Gold may have a test span of the previous 1935 resistance area to increase further.

_Back to the original news tonight, there is news that CPI will be announced at 19:30 tonight. The data will be quite volatile in the US session tonight and will greatly affect the Federal Reserve's expectations for the FOMC meeting on July 25-26.
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