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Back Technical analysis
GOLD. The Price of Gold May Fall After a Local Rise
After a prolonged period of consolidation,
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After a prolonged period of consolidation, the price of gold surged sharply on the back of weak inflation data in the United States, increasing the likelihood of a more active Federal Reserve rate-cutting cycle in the new year 2026. However, this rise may prove to be limited due to the ongoing negotiation process between Washington and Moscow aimed at resolving the Ukrainian crisis.From a technical perspective, the price may lose its upward momentum, as indicated by the behavior of oscillators
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Pati Gani,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
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Viktor Vasilevsky
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