GOLD/ UPTREND VOLUME

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Generally, the direction is uptrend

Gold prices edged higher on Friday and were set for a weekly gain, driven by reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the Federal Reserve at its Dec. 17-18 meeting.

Summary: The gold price is expected to rise from 2,664 to 2,701. A breakout above this level is necessary to pave the way for further gains toward 2,732.

Uptrend Side: by closing the 1H candle above 2,701, it will rise more until 2,732 and above it.

Downtrend Side: below 2664, the correction until around 2640 is available.

Tendency Keys: 2664
Dagangan aktif
Depending on my idea step-by-step

After touching the trend line, the price is currently attempting to rise and reach the 2,664 level.

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