Gold analysis today

قبل ١٠ ساعاتFundamental Analysis
As tensions in the Middle East and worsening US consumer confidence boosted the safe-haven appeal of gold, along with falling US Treasury yields and a weaker US dollar, gold prices have once again hit new all-time highs.

Iranian President Warns Israel of Heavy Airstrikes
Israel announced that it had launched a large-scale airstrike on “Hezbollah targets in Lebanon” on September 23, hitting more than 1,600 targets. Israel continued to carry out new airstrikes in several locations in Lebanon on September 24.

The US Federal Reserve’s move to ease monetary policy has also pushed gold prices higher because gold does not generate interest and lower interest rates could reduce the opportunity cost of holding gold.

Major investment banks expect gold's record price increase to continue until 2025 due to large capital inflows into gold ETFs and expectations of further interest rate cuts from the world's leading central banks.

The fundamental picture has not changed as gold remains a comprehensively supported choice, both in terms of macro data, monetary policy and geopolitical developments that are increasingly new and more complex with the risk of spreading.

Technical analysis
The short-term price range of the pair around 2648 and 2670 is wider, we have a price range of 2685-2633. The 2648 zone cannot be broken in the European session, so we continue to BUY to the old peak around 2670.

SELL XAUUSD 2667-2671 SL 2674
SELL XAUUSD 2679-2681 SL 2684
BUY XAUUSD 2648-2646 SL 2643
BUY XAUUSD 2635-2633 SL 2630

Support: 2,645 – 2,624USD
Resistance: 2,672USD