For the following reasons, I consider gold to be declining in the short term and bullish in the medium term.
1. Good news from the US economy with the beginning of the new year.
2. Low volume of gold transactions in the first two weeks of the New Year
3. Formation of mid-term trading range and market expectation of gold refinement up to 1788 price
4. Forming a harmonious pattern of head and shoulders in a smaller time frame than daily
And in the medium term, I expect inflation to have an impact on the price of gold for 2022 and to continue its upward trend.
1. Good news from the US economy with the beginning of the new year.
2. Low volume of gold transactions in the first two weeks of the New Year
3. Formation of mid-term trading range and market expectation of gold refinement up to 1788 price
4. Forming a harmonious pattern of head and shoulders in a smaller time frame than daily
And in the medium term, I expect inflation to have an impact on the price of gold for 2022 and to continue its upward trend.