GOLD (interest rates would remain elevated for a longer period)

Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period.

• Technical Analysis of Gold:
  
  The price of gold declined after breaching the 2410 level, hitting our previously mentioned targets.
  
  Currently, gold maintains a bearish outlook, likely to reach 2354 and 2344 due to the ongoing high inflation rates addressed by the Federal Reserve.
  
  However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388.
  
  Pivot Price: 2369
  Resistance Levels: 2388, 2397, 2410
  Support Levels: 2354, 2328, 2308
  
  Today's anticipated trading range is between the support level at 2344 and the resistance level at 2388.
  
  Previous idea:
  
  

הערה:

The price dropped as we mentioned from 2369 and we achieved about 400 pip, fully target

So now should break 2327 to continue the bearish trend till 2304 otherwise the movement range will be between 2327 and 2344 till breaking

הערה:

Market Alert:

Any conflict or tension between Taiwan and China is likely to cause significant bullish volatility in the gold and commodities markets.

and will attend bullish movement during this case...