Yesterday, the NY Dow fell by over 700 points at one point, which increased risk-off sentiment and caused gold prices to rise. Many market participants are still on holiday after Christmas, and with low liquidity, prices are more likely to move easily.
Today is New Year’s Eve, and with fewer participants in the market, even small pieces of news can cause significant price swings.
Since today marks the last trading day of the year, it’s important to watch out for movements unique to the year-end.
Gold-Dollar Predicted Range: 2620–2603
Note: The information above does not guarantee profits. Please make your own decisions when trading.