Analyzing the current landscape during the Christmas holiday, gold prices ("XAU/USD") are likely to maintain their upward trend, hovering around the psychological resistance of $2,000 per ounce. The ongoing weakness of the US dollar continues to support the bullish sentiment.
From a technical standpoint, key resistance levels stand at $2,055, $2,070, and $2,085....
Most Federal Reserve officials viewed the "significant" inflation risks as a sign that further rate hikes may be needed to slow the economy, according to minutes of the meeting. July announced by the Federal Open Market Committee on Wednesday.
This may cause gold to trade in a narrow range before a new correction from the Fed
After the FOMC meeting, gold fell...
