GOLD → Short to medium term perspective

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XAUUSD after breaking through the support and updating the local minimum is returning to the area of 2620-2625, fueling the hopes of the bulls for possible growth. But, the medium-term picture for gold is not stable. Let's understand



The strong dollar, which soared to local highs is a threat to gold going forward, as the Fed's hints of halting the rate cut course and adopting a hawkish stance on monetary policy has affected the market quite aggressively. There are 2 rate cuts pledged for 2025. Not to forget Trump's policies in general - the impact on rising inflation....
There are two interesting charts online that should not be overlooked:



Statistics play an important role in shaping prices, but it is worthwhile to base this on actual fundamental and technical data. You should not use these statistical charts as primary data, but you can take them into account. We will analyze the dollar in terms of cycles and possible reversal in the second half of January and further as Trump acts....

As for gold, technically, in the short and medium term, I expect the decline to continue for the following reasons:

• - the bearish structure is confirmed
  
• - a localized retest of the zone of interest and imbalance is forming before a further fall.
  
• - The bearish trend has not broken within the framework of the December 10-13 movement.
  
• - price updates local lows
  

We continue to follow the zones: 2631-2636 and 2650

Regards R. Linda!