Gold rallied for a fifth straight day on Monday, hitting a record high on uncertainties around the U.S. election, ongoing Middle East tensions, and expectations of central banks' interest rate cuts.
Generally, the direction is uptrend
Uptrend Side: With these factors in mind, the next target levels for gold are projected to reach $2,750 and $2,760. These levels reflect the growing investor confidence in gold as a safe-haven asset amid persistent uncertainty in the global markets.
Downtrend Side: the price should make a strong correction and fall.