Gold prices continue to increase as the new week begins!

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Hello everyone, let’s dive into the weekly strategy for gold prices together!

Currently, gold is trading around the 2733 USD level, showing signs of recovery after an early session drop and gaining strength due to a short-term gap that appeared.

So far today, the precious metal has declined over 12 USD, but in the long term, it has demonstrated resilience by closing nearly 30 USD higher than last week’s close.

This week, gold prices are expected to experience considerable volatility as the market awaits key data releases, including the U.S. jobs report on Friday morning. Gold continues to receive strong support in both the short and long term from fundamental factors like de-dollarization trends, political risks—especially with the upcoming U.S. election—, inflationary pressures, and lower interest rates.

Technical Analysis: In the short term, gold is likely to continue its recovery, driven by support from the trendline and the recent gap filling, which encourages a bullish sentiment among investors.

Wishing you all successful trades!

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