GOLD Under Tensions DECLINED
Generally, the direction is a downtrend
Summary: Gold prices declined by approximately 3% following President-elect Donald Trump's appointment of Scott Bessent as Treasury Secretary. Additionally, reports indicating progress toward a ceasefire agreement between Israel and Hezbollah further impacted the metal's safe-haven appeal. Consequently, we anticipate that the price trend will likely target the 2566 level.
Uptrend Side: we need to break the 2669, especially stabilize above the zones between 2701 and 2714.
Downtrend Side: the price will start the bearish trend when the correction ends by touching the resistance of 2640, then will fall to cross 2607 and below 2585 and 2566.
Tendency Keys: 2607
Summary: Gold prices declined by approximately 3% following President-elect Donald Trump's appointment of Scott Bessent as Treasury Secretary. Additionally, reports indicating progress toward a ceasefire agreement between Israel and Hezbollah further impacted the metal's safe-haven appeal. Consequently, we anticipate that the price trend will likely target the 2566 level.
Uptrend Side: we need to break the 2669, especially stabilize above the zones between 2701 and 2714.
Downtrend Side: the price will start the bearish trend when the correction ends by touching the resistance of 2640, then will fall to cross 2607 and below 2585 and 2566.
Tendency Keys: 2607
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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