#GoldFalls3.24%ThisWeek $GOLD.US
🥇 #GoldFalls3.24%ThisWeek | News + Prediction
Gold suffered a sharp sell-off after Fed Chair Kevin Warsh's hawkish comments increased expectations of higher U.S. rates. December gold futures fell 3.24% to $4,504.10, while a stronger dollar and rising yields added pressure. �
Kitco +1
📉 My next-move view:
If gold stays below the recent $4,500 area, further correction is possible.
📈 But if buyers defend $4,500 and the Fed outlook softens, a rebound could develop.
Prediction:
🔴 Short-term bearish
🟡 Medium-term watch for reversal
#Gold #XAUUSD❤️ #MarketNews