In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for 29th December 2023.
Key Takeaways
Tight liquidity: As the last trading day before New Year’s Day, many exchanges may close early today. Be wary of liquidity shortages.
U.S. dollar is weak: As the market expects that the U.S. will quickly cut interest rates and the market balance will tighten next year, funds have flowed into other markets. However, due to the oversold dollar in the early stage, it currently needs to consolidate.
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