The gold price continues to decline in a descending triangle after rebounding from strong resistance at 2000$. Market analysts say the metal will move in a sideways channel around 1900$ for the remainder of the New Year.
Now the money is moving to the cache and to the stock markets. We cannot fully agree with this prediction, because geopolitical and epidemiological risks remain high, and gold is especially in demand at such times. A breakout of the triangle will show whether it is a correction or a new downtrend.
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The market was expecting the growth of oil prices, but will get $ 37 per barrel of Brent