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Gold is attempting a comeback with a new surge

Technical Analysis
By Ahmed Ashraf
Gold is attempting a comeback with a new surge
0

GOLD

الذهب 3-2-2026

Gold is trading above the 4730$ support zone, and as long as prices remain above this level, a move higher toward retesting the 5150$ resistance zone is likely, while this scenario is invalidated if the mentioned support is broken to the downside during today’s trading.

Support 4730 4450
Resistance 5150 5450

Gold recorded a notable rise during today’s trading, supported by a renewed demand for safe haven assets amid persistent global market uncertainty and growing caution regarding the outlook for monetary policy. The advance came after prices stabilized above key support levels, reinforcing positive momentum and pushing the yellow metal toward nearby highs, alongside improved investor appetite for hedging against potential volatility in equity and currency markets.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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