GOLD (BULLISH)

10 ม.ค.

Generally, the direction is uptrend

Uptrend Side: The price has broken above the regression channel, signaling a bullish trend for today. If the 4-hour candle closes above this level, it confirms the breakout. Our immediate targets are 2701 and 2732.

Correction: The price may decline to move within the channel before initiating a potential rise.

Downtrend Side: Regarding the bearish trend, it appears that the price has closed a 1D candle within the channel. This development significantly increases the likelihood of a further bearish movement toward the 2,664 level.



Gold prices rose slightly during these moments of trading on Friday amid uncertainty over the policies of US President-elect Donald Trump, which boosted demand for the precious metal, while investors await the main jobs report to assess the path of interest rate cuts by the Federal Reserve.