52 Days
Source:
المشهد
Gold Price Forecasts in the Coming Days Suggest Return of Market Pressures
Gold price expectations for the upcoming period have declined due to selling pressures resulting from escalating geopolitical tensions after the collapse of the ceasefire between the United States and Iran and the widening clashes around the Strait of Hormuz. This has supported the dollar and led to losses for the precious metal. Currently, gold is trading within a downward trend, with resistance levels at $4,110, $4,200, and $4,240, and support levels at $4,050, $3,970, and $3,900. There are ongoing expectations of technical rebounds and possibly long-term stability. Analysts believe that the market is beginning to shift from forced selling to building a new price base, but the $4,000 level remains a strong primary support.
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