The price fell yesterday, as we mentioned in my previous idea, and then today, the gold rose on a weak dollar and safe-haven demand as investors awaited inflation data to assess the Federal Reserve’s policy path amid fears of simmering trade tensions and slowing economic growth following U.S. President Donald Trump’s tariffs.
As long as the price trades below 2,914, it is expected to fall towards 2,903. If it breaks below this level, the price will likely decline further to touch 2,893, and below that, 2,880.
The uptrend will become active when the price stabilizes above 2,925, confirmed by a 4-hour or daily candle close, indicating a bullish trend.
Bearish target: 2903, 2893, 2880.
Bullish target: 2914, 2925, 2936.