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XAUUSD prices increased mainly due to Russia-Ukraine tensions

Previously, investors expected that Mr. Trump could end the Ukraine conflict within 24 hours as announced after his election. Expectations that geopolitical tensions will cool in many areas have caused gold to plummet, from a peak of 2,789 USD/ounce recorded today, October 30, to 2,540 USD, November 14.

But now, the forum in Ukraine may change. Ukraine believes that US long-range missiles can "change their address", while Russia will certainly respond strongly if Kiev uses long-range missiles to target Russian territory.

According to Bloomberg, Moscow has just attacked Ukraine and launched a long-range missile made by an American manufacturer into Russia's Bryansk province. This is a very bad signal for this area.

With the latest forums, gold recorded a very rapid increase in purchasing power. Goldman Sachs has just reported that gold will reach 3,000 USD/ounce in 2025.

In the medium and long term, gold is still supported by the interest rate cycle of the US Federal Reserve (Fed).

🔥 XAUUSD BUY 2622 - 2620🔥

💵 TP1: 2630
💵 TP2: 2635
💵 TP3: OPEN

🚫 SL: 2614

🔥 XAUUSD SELL 2644 - 2642🔥

💵 TP1: 2635
💵 TP2: 2630
💵 TP3: OPEN

🚫 SL: 2652