Gold prices are expected to move lower in the coming months due to technical indicators

From Investing.com: 2024-12-31 07:18:00

Yesterday’s Trading Alerts focused on major trends rather than short-term orientation. Bitcoin is showing signs of reversal with a monthly shooting star/gravestone doji candlestick. Copper broke above previous highs but then collapsed below two support lines, indicating a potential decline. World stocks failed to surpass 2008 highs, suggesting a looming decline. Gold miners are on the edge, with gold itself unlikely to reach new highs soon. Technical indicators point to lower gold prices in the coming months. The USD Index is expected to rise, leading to declines in the precious metals sector. Wall Street may sell off stocks after year-end for bonuses.



Read more at Investing.com: Gold: 12 Charts Hinting to Another Move Lower