Yesterday, stock prices in Japan, the US, and Europe rose, spreading a risk-on sentiment. However, gold buying remains strong, and its price continues to rise. After breaking above the double-top level around 2720, the buying momentum has increased. The uncertainty surrounding the new Trump administration seems to be supporting gold prices.
That said, with the upcoming FOMC meeting next week, it may be hard for prices to move much further. It’s also time to be cautious about possible downward adjustments.
Gold and Dollar Expected Range: 2780–2745
Note: The above information does not guarantee profits. Please make your own decisions when trading.