From a fundamental perspective, there is a notable increase in demand for precious metals like Gold and the U.S. Dollar Index (DXY) due to the ongoing conflict in Israel and Palestine. As a result, we might witness a continuation of the current uptrend if the price manages to close above the upper trendline. In such a scenario, my next target price is 1981.25. However, if the price closes below the channel's trendline, we could anticipate a bearish continuation.
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What are your thoughts on this analysis? Please share your comments below