Summary: Gold prices declined as much as 2% on Monday until below 2668 as investors booked profits following a five-session rally to a three-week high. While the announcement of fund manager Scott Bessent as the new U.S. Treasury Secretary tempered safe-haven buying, we expect the price will rise again to above zones 2701 and 2714.
Generally, the direction is uptrend
Uptrend Side: still the price has a strong bullish trend to be uptrend again to touch and cross the zones between 2701 and 2714.
Downtrend Side: We need to close the 1D candle below 2668 to fall more until 2642.
Tendency Keys: 2701 and 2714.