GOLD

Gold is trading in an upward trend on the medium-term, which opens the door for price increases and the formation of new peaks. However, if the support level of $4540 is broken downwards, we may target the $4415 level in today’s trading.
|
Support |
4540 | 4415 |
| Resistance | 4600 |
4675 |
Gold experienced a notable rise in the markets today, driven by increasing geopolitical and economic concerns, prompting investors to turn to safe-haven assets. The yellow metal reacted to the decline of the U.S. dollar following the announcement of an investigation into the Federal Reserve Chairman, which added pressure on the U.S. currency. This rise also reflects global economic impacts, with disruptions in some markets and weak U.S. jobs data being key factors driving these gains.
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