GOLD - Under NEWS PRESSURE

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Gold is currently testing a critical resistance level at 2669. If the price reaches this point, it may attempt to break through, but the outcome will depend on the strength of the resistance. If the resistance at 2669 holds firm, the price is likely to reverse and decline toward the next support level at 2640. The 2640 level is crucial—if it breaks, it would signal further bearish pressure, with the next support target potentially being 2607. This suggests that a failure to hold above 2640 could lead to a deeper decline for gold.

Conversely, if the price manages to break above 2669 and close above this level, it would signal a shift in momentum to the upside. A sustained breakout above 2669 would indicate strong bullish pressure, and the next logical target for the price would be the 2701 resistance level.

"Please be advised that the market is currently experiencing sensitive movements due to the upcoming important news events. These developments are expected to have a direct impact on market conditions."
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