#gold (December 3, 2025)
Talking about the source of yesterday's decline in Gold:
- First, Trump announced that the candidate for the FED Chairman position in the next term has been narrowed down to 1 person and will appoint this person as the new Chairman next year. The market does not know who Trump is referring to?
- But then Trump called Hassett a potential candidate for the Chairman position => USD decreased / Gold increased again.
The price closed around 4205 so it is hard to say! Because the price increase is basically still guaranteed. The price needs to break through the 4191 mark in Asia - Europe today to confirm the decrease.
Currently, the price is moving at the 4208 rotation axis today, so follow the Asian session to see how the price is evaluated!
If Asia decreases and loses the 4203 mark, consider Gold decreased. At that time, wait for a retest around 4206/4208 then short. Stp 4220
The bottom of the market is at 4165 and further at 4148 (lower band today). In the extreme case, gold falls to around 4120 and then rises again - similar to how the price fell sharply, lost the 4175 mark last night and then rose again as if nothing happened.
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