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GOLD - BULLISH TREND

Summary: Gold prices declined as much as 2% on Monday until below 2668 as investors booked profits following a five-session rally to a three-week high. While the announcement of fund manager Scott Bessent as the new U.S. Treasury Secretary tempered safe-haven buying, we expect the price will rise again to above zones 2701 and 2714.

Generally, the direction is uptrend

Uptrend Side: still the price has a strong bullish trend to be uptrend again to touch and cross the zones between 2701 and 2714.

Downtrend Side: We need to close the 1D candle below 2668 to fall more until 2642.

Tendency Keys: 2701 and 2714.
Trade ativo
Gold prices declined by approximately 3% following President-elect Donald Trump's selection of Scott Bessent as Treasury Secretary. Additionally, reports of Israel and Hezbollah nearing a ceasefire agreement further diminished the appeal of the safe-haven metal.

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