WEEKLY OUTLOOKS ✅⁉️

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🌐Market Overview

1. Gold prices correct slightly after strong gains last weekend

After recording an impressive growth last weekend due to increased safe-haven demand, gold prices are currently undergoing a technical correction. This move is mainly due to profit-taking by short-term investors after gold hit important resistance levels. However, the medium-term uptrend remains intact as global risk factors have not shown any signs of cooling down completely.

2. Trump announces delay in imposing tariffs on the EU, financial markets recover positively
The latest statement from former US President Donald Trump on suspending the plan to impose tariffs on goods from the European Union (EU) has created a positive effect on the financial market. This move helps reduce concerns about an escalating trade war, pushing stock futures to rebound. Investors are currently shifting some capital flows away from safe-haven assets such as gold, causing gold prices to be under short-term adjustment pressure.

3. Military tensions between Russia and Ukraine continue to escalate

The geopolitical situation in Eastern Europe is becoming particularly serious as the military conflict between Russia and Ukraine is not only not under control but also shows signs of escalating strongly. New attacks, tough statements from both sides and deeper involvement of major powers are making global investors worried about the risk of war spreading. This continues to be a solid support factor for gold prices, as demand for hedging against geopolitical risks increases.

🖥Technical Analysis

In the H1 frame, we see that after the Asian session opened, gold had a slight correction but did not break the upward structure and then had a rebound. But this has not shown clearly.

Currently, the important resistance zone of 3363 - 3365 has not been broken. If gold breaks this zone, the next target of gold is 3404 - 3408. If gold does not break this zone, it is likely that gold will return to 3295 - 3290.

➡️Trading Plan

☄️BUY 3320 - 3322

☄️BUY 3300 - 3302

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