Gold rises above $2,700.00

Source: Dukascopy Bank SA
Gold has risen above $2,700, marking a 40-day high. If momentum builds, the probability of the price moving towards $2,800 increases. Uncertainty is elevated with Donald Trump's return to office. If hedging continues long-term against political uncertainty, higher levels of gold should be considered.



A rejection of the $2,720 price level could push the price lower, potentially towards the $2,621 level. If bearish momentum continues, the $2,580 level may be considered a likely support level.

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