GOLD/ Bullish ahead

155
Gold prices were flat on Monday as a stronger-than-expected U.S. jobs report reinforced the Federal Reserve’s cautious stance on rate cuts, while uncertainty surrounding the incoming Trump administration’s policies continued to fuel safe-haven demand.

Generally, the direction is uptrend

Uptrend Side: The price has remained outside the channel, with a key resistance level at 2696 that needs to be surpassed before reaching the next target of 2732.

Correction: The price may decline to move around the channel before initiating a potential rise.

Downtrend Side: For the bearish trend to be confirmed, a 4-hour candle must close below 2664 and subsequently below 2640.

כתב ויתור

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