Investors quickly took profits when gold prices skyrocketed

Gold market analysis for December 14th
☘️ In yesterday's trading, the market was heavily influenced by the FOMC news.
🌴 If we hold interest rates and expect 3 rate cuts, the US dollar will suddenly fall and the gold market will be ready to rise again.
🌴 Considering multiple time frames in D1 confirms that the market could grow again and the target could reach his 207xx area again.
🎋 Today, December 14th, we are actively monitoring the buys as prices retest the 2019-2020 region.
Key pricing milestones from 2040 to 2020 to 2010
🌵 Make sure to shop within the 2019-2020 price range
- TP: 2030-2040-2065
-SL: 2013

Today's gold spot price on the world market stands around 1,982 USD/ounce. Gold delivered in February 2024 on the Comex New York floor is at 2,002 USD/ounce.

The world gold price on the night of December 13 is about 8.7% higher (158 USD/ounce) compared to the beginning of 2023. World gold price converted to USD bank price is 58.9 million VND/tael, including taxes and fees, about 14.9 million VND/tael lower than the domestic gold price as of late afternoon on December 13.

The gold market is under pressure in the context that the USD is still hanging quite high and has not turned down as quickly as the market previously expected. Investors believe that inflation is still the priority of US Federal Reserve Chairman Jerome Powell.

The fight against high inflation is not over yet even though consumer prices in the US have cooled down a lot compared to mid-2022 when CPI reached 9.1%.