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Gold prices, after reaching a local high at the end of October due to widespread geopolitical risks in the Middle East and Ukraine, have significantly corrected downward and are currently trading within a broad sideways range. The anticipation of new economic policies under D. Trump starting in 2025 is having a notable impact on gold, as well as on the broader financial markets.
Evaluating the pre-New Year prospects for the pair, it is likely that the sideways trend will persist.
A local drop below the 2622.15 level could trigger further declines toward 2608.00.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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