Gold prices rose slightly in trading on Tuesday, the last trading day of an eventful year, as the yellow metal achieved its best annual performance in more than a decade.
Summary: The price may rise to 2623, undergo a correction, and subsequently initiate a bearish trend.
Generally, the direction is a downtrend.
Downtrend Perspective: Should trading persist below the 2640 level, the bearish trend is anticipated to remain in effect, with potential targets at 2606 and 2566.
Uptrend Perspective: The price is expected to trend upward upon surpassing the 2640 level, with further momentum likely if it successfully reaches and exceeds 2664.
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