Gold prices were mixed at the moment during Monday’s trading, coinciding with the stability of the dollar, as investors await key US jobs data to confirm their bets on the size of the Federal Reserve’s expected interest rate cut this month.
Generally, the direction is uptrend
Uptrend Side: The price touched the 2506 resistance level. If it breaks this level and the 4H candle closes above it, the price is likely to rise towards 2529.
Downtrend Side: Trading below 2506 indicates a downtrend toward 2591, with potential to reach 2475.
Tendency Keys: 2505