Continue the rally, get ready for gold to return to 3443

⭐️Gold News:

Gold prices (XAU/USD) fell for the second consecutive trading day on Tuesday, retreating from the gains in the early Asian trading hours, which had briefly pushed above $3,400. A slight rebound in the US dollar (USD) continued to put pressure on the precious metal, acting as a major resistance. However, the downside for gold seems limited due to escalating geopolitical tensions in the Middle East and growing market expectations that the Federal Reserve (Fed) will further cut interest rates in 2025.

Meanwhile, the ongoing air conflict between Israel and Iran has entered its fifth day, exacerbating concerns about further escalation in the region. This ongoing geopolitical uncertainty supports demand for safe-haven assets such as gold. Investors also remained cautious ahead of the Federal Open Market Committee (FOMC)'s two-day policy meeting, the outcome of which could affect the next move of non-yielding gold.

⭐️Technical analysis:

Gold price gets liquidity from the support level below: 3385, 3373 completed, short-term downward trend breaks, gold price will soon return to above 3400.

Set gold price:

🔥Sell gold area: 3443-3453 SL 3458
TP1: $3435
TP2: $3422
TP3: $3407

🔥Buy gold area: $3358-$3350 SL $3345
TP1: $3368
TP2: $3376
TP3: $3390

RupertNoel

Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx

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Geopolitics and Fed policies dominate the trend of gold prices

by RupertNoel

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RupertNoel

Within the framework of controllable risks, we will continue to create safe and reliable value growth for trust. Free trading signals ☛t.me/+arTT14Fe44tkMzAx