Following its drop to the 2600 level, gold has found solid support and rebounded strongly, driven by escalating geopolitical tensions. Prices are now trading back above the 2650 mark.
In the short term, attention should be focused on the 2643-2638 support zone. On the upside, key resistance remains near the recent highs, particularly around 2658.
This week's daily close (1D) will be pivotal. Should we continue to see bearish candles without a break above the previous highs, a significant downturn is likely next week or in early next month. This correction is expected to extend over several weeks, shifting from intraday moves to more sustained declines.
We must also closely monitor the global political landscape. If tensions escalate further, there is a strong possibility of gold breaching the 2700 level. However, if conditions stabilize, we can anticipate a drop below 2550 within the next month.
עסקה פעילה
Gold rebounded after reaching 2643 and is currently near resistance, with a high probability of breaking through
עסקה פעילה
Gold is currently near the support, and the DXY trend should have another wave of upward movement before it starts to fall slightly, so gold should fall a little more. In terms of trading, if you want to enter the long position, you can wait a little longer. It would be better to intervene below 2640. At the same time, pay attention to the support near 2636.
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