According to Reuters, gold prices have decreased today and monthly due to the strength of the dollar and declining expectations regarding interest rate cuts from the U.S. Federal Reserve. The spot price reached $3,333.99, with a weekly decline of about 2.5%.
The escalation of tensions in the Middle East has pushed gold slightly up to $3,371.15 per ounce, but it did not surpass the effects of the dollar, interest, and economic pressures.
Some analysts advise adopting a "sell on the rise" strategy after sudden price increases. 💰💸📈📉🏆🪙⚱️💎✨🌟🧿 🪙 #ذهب Today between strong support and stubborn resistance! Will prices hold or will we see a new break? 💰 Follow the full analysis and be the first to seize the opportunity! #ذهب #Smart_Investment #سوق_المال #XAUUSD
🎯 Bullish Scenario (Base): If the consolidation continues above the moving averages and stays above 104K, and stabilizes around 108K, the next target could reach 112–115K+.
⚠️ Potential Bearish Scenario: A clear break below 104K could trigger a correction wave paving the way for a drop towards 100K, and possibly 97K–93K if selling pressure increases. #BTC #SwingTradingStrategy #Binance
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