Yesterday, President Trump mentioned considering a 25% tariff on Canada and Mexico. However, since there was no mention of Europe or other regions, the market felt some relief. U.S. long-term interest rates also fell, leading to stronger buying of gold. The price broke through the previous resistance level of 2,720, which was seen as a double top and a short-term ceiling, and rose to 2,745. Breaking through this ceiling is considered a sign that the upward trend may continue.
The next target price is around 2,790, which was last reached at the end of October last year.
Gold-Dollar Forecast Range: 2,780–2,630
Note: The above content is not a guarantee of profit. Make trading decisions based on your own judgment.