Will GOLD rise or fall?

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The current London gold price is 2952.88/ounce, up $17.69 from the previous day, an increase of 0.60%

From the 4-hour chart analysis, although the technical indicators have a slight correction, they are still in the upward space, with short-term support at $2913-2897 and resistance at $2960-2975.

According to market analysis, as of the end of January, the world's largest gold ETF holdings increased to 864.77 tons, with net inflows for five consecutive weeks, showing that institutions have high allocation demand for gold and are hesitant about geopolitics, tariff threats, monetary policy and other issues, providing support for gold prices.
Buy:2952
Tp:2963
Tp:2970
Sl:2938
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