Gold : The fundamental context and goals have both changed

The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities.
Despite the optimism for the USD, gold prices remain resilient and benefit from the escalating geopolitical tensions between Russia and Ukraine.
Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions are likely to consolidate for sellers before further strengthening.
Technically, gold has every chance to test the boundaries of the previously broken channel, but based on fundamental news and technical factors, we can conclude that further growth may continue.
Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.