Gold's Bullish Momentum: Key Levels and Targets
Gold prices remain in an uptrend, with continued bullish momentum expected as long as prices hold above the key support level of $2,710. Traders who aren’t already positioned may look to enter on pullbacks around $2,732 to optimize their risk-to-reward ratio. Near-term upside targets for gold are set at $2,757, with a secondary target at $2,780, in line with the recent all-time highs.
Ongoing rate cuts from central banks, Trump's potential inflation-driven policies, and tensions in the Middle East support this bullish outlook.
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Ongoing rate cuts from central banks, Trump's potential inflation-driven policies, and tensions in the Middle East support this bullish outlook.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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