The gold price remains above 2757, maintaining its bullish momentum. As long as it holds above this level, the price is expected to rise toward 2787, the last high. A breakout above 2787 could push it further toward 2816, marking a new high. However, if the price fails to hold above 2757 and breaks below with a confirmed 4-hour candle close, it may decline toward 2732, with further downside potential if selling pressure increases.
Fundamentally, gold prices remain stable as markets await the U.S. interest rate decision. A dovish Fed stance could support further gains, while a hawkish outlook might pressure prices. Additionally, investors are watching President Donald Trump’s trade policies, as fresh tariff threats could boost demand for gold as a safe-haven asset. Given these factors, price action around 2757 will be crucial in determining the next major move.
Tendency Keys: 2,757
Resistance Line 2787, 2816
Support Line: 2,757, 2697, 2666